2023 IQD to PGK Historical Review

YEARLY HIGH

0.0029 PGK

YEARLY LOW

0.0024 PGK

YEARLY AVERAGE

0.0027 PGK

2023 IQD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0029. Conversely, the yearly low was recorded on April 30, dropping to 0.0024.

This high-to-low spread represents a total annual volatility of 0.0005 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0024 to the December average rate of 0.0029, the exchange rate registered a net change of 18.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0029 was up 18.22% compared to the 2022 peak of 0.0024, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14 PGK

2022 Average 12 PGK

Yearly Trough Low 12 PGK

Transaction Impact: A difference of 2.52 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0029

0.0024

JanuMarcMayJulySeptNove

IQD 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 0.0025, compared to 0.0028 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0025

H2 Avg (Jul–Dec) 0.0028

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0003 PGK (High: 0.0027 / Low: 0.0024). On the other end, January was the most stable month, with a tight range of 0.0000 PGK (High: 0.0024 / Low: 0.0024).

May Spread (Volatile) ±0.0003

January Spread (Stable) ±0.0000

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 0.0000 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0029) against the same month in 2022 (average: 0.0024), the exchange rate shifted by +0.0005 (+18.88%).

2023 Avg (November) 0.0029

2022 Avg (November) 0.0024

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0024	0.0024	0.0024
February	0.0024	0.0024	0.0024
March	0.0024	0.0024	0.0024
April	0.0027	0.0024	0.0024
May	0.0027	0.0024	0.0027
June	0.0028	0.0027	0.0027
July	0.0028	0.0027	0.0027
August	0.0028	0.0027	0.0028
September	0.0028	0.0027	0.0028
October	0.0029	0.0028	0.0028
November	0.0029	0.0028	0.0029
December	0.0029	0.0028	0.0029