2023 ILS to PGK Historical Review

YEARLY HIGH

1.0501 PGK

YEARLY LOW

0.9114 PGK

YEARLY AVERAGE

0.9782 PGK

2023 ILS to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.0501. Conversely, the yearly low was recorded on October 26, dropping to 0.9114.

This high-to-low spread represents a total annual volatility of 0.1387 PGK. From a start-to-finish perspective, comparing the January average rate of 1.0231 to the December average rate of 1.0211, the exchange rate registered a net change of -0.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0501 was down 8.54% compared to the 2022 peak of 1.1481, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,250 PGK

2022 Average 5,258 PGK

Yearly Trough Low 4,557 PGK

Transaction Impact: A difference of 693.57 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0323

0.9227

JanuMarcMayJulySeptNove

ILS 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 0.9837, compared to 0.9726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0111 points.

H1 Avg (Jan–Jun) 0.9837

H2 Avg (Jul–Dec) 0.9726

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0933 PGK (High: 1.0185 / Low: 0.9252). On the other end, May was the most stable month, with a tight range of 0.0271 PGK (High: 0.9718 / Low: 0.9448).

November Spread (Volatile) ±0.0933

May Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0269 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 1.0211) against the same month in 2022 (average: 1.0204), the exchange rate shifted by +0.0007 (+0.06%).

2023 Avg (December) 1.0211

2022 Avg (December) 1.0204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0475	0.9920	1.0231
February	1.0397	0.9597	0.9962
March	0.9932	0.9576	0.9742
April	0.9935	0.9587	0.9702
May	0.9718	0.9448	0.9624
June	1.0054	0.9390	0.9761
July	1.0032	0.9490	0.9743
August	0.9951	0.9275	0.9662
September	0.9683	0.9292	0.9550
October	0.9597	0.9114	0.9319
November	1.0185	0.9252	0.9871
December	1.0501	1.0033	1.0211