2023 HRK to PGK Historical Review

YEARLY HIGH

0.5539 PGK

YEARLY LOW

0.4919 PGK

YEARLY AVERAGE

0.5170 PGK

2023 HRK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.5539. Conversely, the yearly low was recorded on March 18, dropping to 0.4919.

This high-to-low spread represents a total annual volatility of 0.0620 PGK. From a start-to-finish perspective, comparing the January average rate of 0.5045 to the December average rate of 0.5421, the exchange rate registered a net change of 7.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5539 was up 3.19% compared to the 2022 peak of 0.5368, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,770 PGK

2022 Average 2,466 PGK

Yearly Trough Low 2,459 PGK

Transaction Impact: A difference of 310.18 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5463

0.4963

JanuMarcMayJulySeptNove

HRK 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 0.5066, compared to 0.5275 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0209 points.

H1 Avg (Jan–Jun) 0.5066

H2 Avg (Jul–Dec) 0.5275

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0294 PGK (High: 0.5391 / Low: 0.5097). On the other end, April was the most stable month, with a tight range of 0.0164 PGK (High: 0.5208 / Low: 0.5045).

July Spread (Volatile) ±0.0294

April Spread (Stable) ±0.0164

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0073 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0073

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5421) against the same month in 2022 (average: 0.4949), the exchange rate shifted by +0.0472 (+9.54%).

2023 Avg (December) 0.5421

2022 Avg (December) 0.4949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5105	0.4920	0.5045
February	0.5150	0.4927	0.5010
March	0.5150	0.4919	0.5004
April	0.5208	0.5045	0.5129
May	0.5175	0.5011	0.5092
June	0.5199	0.4997	0.5113
July	0.5391	0.5097	0.5241
August	0.5311	0.5080	0.5237
September	0.5248	0.5071	0.5164
October	0.5293	0.5094	0.5197
November	0.5501	0.5217	0.5387
December	0.5539	0.5329	0.5421