2023 INR to PGK Historical Review

YEARLY HIGH

0.0455 PGK

YEARLY LOW

0.0421 PGK

YEARLY AVERAGE

0.0436 PGK

2023 INR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0455. Conversely, the yearly low was recorded on March 18, dropping to 0.0421.

This high-to-low spread represents a total annual volatility of 0.0034 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0431 to the December average rate of 0.0449, the exchange rate registered a net change of 4.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0455 was down 4.65% compared to the 2022 peak of 0.0477, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 11,369 PGK

2022 Average 11,231 PGK

Yearly Trough Low 10,526 PGK

Transaction Impact: A difference of 843.16 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0453

0.0425

JanuMarcMayJulySeptNove

INR 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 0.0430, compared to 0.0443 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0430

H2 Avg (Jul–Dec) 0.0443

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0020 PGK (High: 0.0444 / Low: 0.0423). On the other end, February was the most stable month, with a tight range of 0.0007 PGK (High: 0.0432 / Low: 0.0424).

August Spread (Volatile) ±0.0020

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0451) against the same month in 2022 (average: 0.0432), the exchange rate shifted by +0.0019 (+4.40%).

2023 Avg (November) 0.0451

2022 Avg (November) 0.0432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0435	0.0426	0.0431
February	0.0432	0.0424	0.0427
March	0.0433	0.0421	0.0428
April	0.0435	0.0427	0.0430
May	0.0435	0.0425	0.0429
June	0.0438	0.0427	0.0432
July	0.0441	0.0426	0.0435
August	0.0444	0.0423	0.0437
September	0.0445	0.0429	0.0439
October	0.0453	0.0439	0.0445
November	0.0455	0.0444	0.0451
December	0.0455	0.0447	0.0449