2023 KWD to PGK Historical Review

YEARLY HIGH

12.3056 PGK

YEARLY LOW

11.4190 PGK

YEARLY AVERAGE

11.7191 PGK

2023 KWD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 12.3056. Conversely, the yearly low was recorded on March 10, dropping to 11.4190.

This high-to-low spread represents a total annual volatility of 0.8865 PGK. From a start-to-finish perspective, comparing the January average rate of 11.5296 to the December average rate of 12.1503, the exchange rate registered a net change of 5.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.3056 was up 4.61% compared to the 2022 peak of 11.7631, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 61,528 PGK

2022 Average 57,574 PGK

Yearly Trough Low 57,095 PGK

Transaction Impact: A difference of 4,432.54 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.2310

11.4217

JanuMarcMayJulySeptNove

KWD 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 11.5223, compared to 11.9158 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3936 points.

H1 Avg (Jan–Jun) 11.5223

H2 Avg (Jul–Dec) 11.9158

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.4414 PGK (High: 11.8749 / Low: 11.4335). On the other end, January was the most stable month, with a tight range of 0.0678 PGK (High: 11.5550 / Low: 11.4872).

August Spread (Volatile) ±0.4414

January Spread (Stable) ±0.0678

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 February and March, when the average rate fell by 0.0417 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0417

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 12.1503) against the same month in 2022 (average: 11.5046), the exchange rate shifted by +0.6457 (+5.61%).

2023 Avg (December) 12.1503

2022 Avg (December) 11.5046

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.5550	11.4872	11.5296
February	11.6577	11.4647	11.5309
March	11.6573	11.4190	11.4892
April	11.6455	11.4249	11.5086
May	11.6888	11.4475	11.5094
June	11.7494	11.4409	11.5659
July	11.8340	11.4479	11.6424
August	11.8749	11.4335	11.7474
September	11.9424	11.5781	11.8052
October	12.1839	11.8220	11.9862
November	12.2951	11.9881	12.1636
December	12.3056	12.0756	12.1503