2023 MXN to PGK Historical Review

YEARLY HIGH

0.2228 PGK

YEARLY LOW

0.1807 PGK

YEARLY AVERAGE

0.2034 PGK

2023 MXN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2228. Conversely, the yearly low was recorded on January 1, dropping to 0.1807.

This high-to-low spread represents a total annual volatility of 0.0421 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1858 to the December average rate of 0.2179, the exchange rate registered a net change of 17.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2228 was up 21.11% compared to the 2022 peak of 0.1840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 11,140 PGK

2022 Average 8,774 PGK

Yearly Trough Low 9,033 PGK

Transaction Impact: A difference of 2,107.39 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2211

0.1826

JanuMarcMayJulySeptNove

MXN 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 0.1946, compared to 0.2123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0177 points.

H1 Avg (Jan–Jun) 0.1946

H2 Avg (Jul–Dec) 0.2123

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0125 PGK (High: 0.2189 / Low: 0.2064). On the other end, April was the most stable month, with a tight range of 0.0044 PGK (High: 0.1974 / Low: 0.1930).

August Spread (Volatile) ±0.0125

April Spread (Stable) ±0.0044

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0058 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0058

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2179) against the same month in 2022 (average: 0.1800), the exchange rate shifted by +0.0379 (+21.05%).

2023 Avg (December) 0.2179

2022 Avg (December) 0.1800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1890	0.1807	0.1858
February	0.1942	0.1837	0.1898
March	0.1960	0.1837	0.1914
April	0.1974	0.1930	0.1952
May	0.2042	0.1959	0.1993
June	0.2093	0.2005	0.2061
July	0.2160	0.2053	0.2111
August	0.2189	0.2064	0.2130
September	0.2147	0.2030	0.2107
October	0.2100	0.2000	0.2049
November	0.2213	0.2091	0.2160
December	0.2228	0.2135	0.2179