2023 HNL to PGK Historical Review

YEARLY HIGH

0.1532 PGK

YEARLY LOW

0.1416 PGK

YEARLY AVERAGE

0.1460 PGK

2023 HNL to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.1532. Conversely, the yearly low was recorded on February 4, dropping to 0.1416.

This high-to-low spread represents a total annual volatility of 0.0116 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1428 to the December average rate of 0.1514, the exchange rate registered a net change of 5.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1532 was up 5.49% compared to the 2022 peak of 0.1453, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 HNL based on timing:

Yearly Peak High 766 PGK

2022 Average 717 PGK

Yearly Trough Low 708 PGK

Transaction Impact: A difference of 58.06 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1530

0.1419

JanuMarcMayJulySeptNove

HNL to PGK Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1433, compared to 0.1488 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.1433

H2 Avg (Jul–Dec) 0.1488

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0062 PGK (High: 0.1493 / Low: 0.1431). On the other end, January was the most stable month, with a tight range of 0.0006 PGK (High: 0.1431 / Low: 0.1425).

September Spread (Volatile) ±0.0062

January Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0007 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.1514) against the same month in 2022 (average: 0.1428), the exchange rate shifted by +0.0086 (+6.01%).

2023 Avg (December) 0.1514

2022 Avg (December) 0.1428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1431	0.1425	0.1428
February	0.1448	0.1416	0.1432
March	0.1447	0.1423	0.1430
April	0.1452	0.1427	0.1434
May	0.1462	0.1427	0.1434
June	0.1465	0.1422	0.1440
July	0.1471	0.1424	0.1450
August	0.1487	0.1430	0.1469
September	0.1493	0.1431	0.1471
October	0.1524	0.1472	0.1501
November	0.1531	0.1501	0.1521
December	0.1532	0.1502	0.1514