2023 ISK to PGK Historical Review

YEARLY HIGH

0.0280 PGK

YEARLY LOW

0.0243 PGK

YEARLY AVERAGE

0.0261 PGK

2023 ISK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0280. Conversely, the yearly low was recorded on February 24, dropping to 0.0243.

This high-to-low spread represents a total annual volatility of 0.0037 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0247 to the December average rate of 0.0271, the exchange rate registered a net change of 10.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0280 was down 1.58% compared to the 2022 peak of 0.0284, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 140 PGK

2022 Average 131 PGK

Yearly Trough Low 122 PGK

Transaction Impact: A difference of 18.40 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0277

0.0244

JanuMarcMayJulySeptNove

ISK 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 0.0253, compared to 0.0270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0253

H2 Avg (Jul–Dec) 0.0270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0018 PGK (High: 0.0277 / Low: 0.0258). On the other end, January was the most stable month, with a tight range of 0.0007 PGK (High: 0.0250 / Low: 0.0243).

July Spread (Volatile) ±0.0018

January Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and April, 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 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0274) against the same month in 2022 (average: 0.0254), the exchange rate shifted by +0.0020 (+7.94%).

2023 Avg (August) 0.0274

2022 Avg (August) 0.0254

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0250	0.0243	0.0247
February	0.0253	0.0243	0.0247
March	0.0259	0.0247	0.0252
April	0.0263	0.0255	0.0258
May	0.0260	0.0251	0.0255
June	0.0264	0.0250	0.0258
July	0.0277	0.0258	0.0269
August	0.0280	0.0266	0.0274
September	0.0277	0.0264	0.0269
October	0.0272	0.0262	0.0267
November	0.0275	0.0262	0.0268
December	0.0278	0.0267	0.0271