2023 MVR to PGK Historical Review

YEARLY HIGH

0.2479 PGK

YEARLY LOW

0.2256 PGK

YEARLY AVERAGE

0.2343 PGK

2023 MVR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.2479. Conversely, the yearly low was recorded on March 18, dropping to 0.2256.

This high-to-low spread represents a total annual volatility of 0.0222 PGK. From a start-to-finish perspective, comparing the January average rate of 0.2290 to the December average rate of 0.2433, the exchange rate registered a net change of 6.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2479 was up 6.47% compared to the 2022 peak of 0.2328, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,239 PGK

2022 Average 1,143 PGK

Yearly Trough Low 1,128 PGK

Transaction Impact: A difference of 111.15 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2457

0.2275

JanuMarcMayJulySeptNove

MVR 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 0.2299, compared to 0.2387 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0089 points.

H1 Avg (Jan–Jun) 0.2299

H2 Avg (Jul–Dec) 0.2387

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0089 PGK (High: 0.2399 / Low: 0.2310). On the other end, January was the most stable month, with a tight range of 0.0017 PGK (High: 0.2297 / Low: 0.2280).

September Spread (Volatile) ±0.0089

January Spread (Stable) ±0.0017

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 0.0009 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2442) against the same month in 2022 (average: 0.2285), the exchange rate shifted by +0.0157 (+6.85%).

2023 Avg (November) 0.2442

2022 Avg (November) 0.2285

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2297	0.2280	0.2290
February	0.2327	0.2292	0.2298
March	0.2327	0.2256	0.2291
April	0.2323	0.2271	0.2296
May	0.2349	0.2292	0.2302
June	0.2350	0.2292	0.2316
July	0.2357	0.2287	0.2323
August	0.2378	0.2289	0.2353
September	0.2399	0.2310	0.2364
October	0.2446	0.2374	0.2409
November	0.2479	0.2410	0.2442
December	0.2458	0.2413	0.2433