2023 MZN to PGK Historical Review

YEARLY HIGH

0.0593 PGK

YEARLY LOW

0.0544 PGK

YEARLY AVERAGE

0.0564 PGK

2023 MZN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.0593. Conversely, the yearly low was recorded on March 18, dropping to 0.0544.

This high-to-low spread represents a total annual volatility of 0.0049 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0551 to the December average rate of 0.0586, the exchange rate registered a net change of 6.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0593 was up 5.40% compared to the 2022 peak of 0.0563, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 296 PGK

2022 Average 276 PGK

Yearly Trough Low 272 PGK

Transaction Impact: A difference of 24.57 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0591

0.0548

JanuMarcMayJulySeptNove

MZN 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 0.0553, compared to 0.0575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0553

H2 Avg (Jul–Dec) 0.0575

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0023 PGK (High: 0.0574 / Low: 0.0551). On the other end, January was the most stable month, with a tight range of 0.0002 PGK (High: 0.0552 / Low: 0.0550).

August Spread (Volatile) ±0.0023

January Spread (Stable) ±0.0002

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 0.0002 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0587) against the same month in 2022 (average: 0.0551), the exchange rate shifted by +0.0036 (+6.58%).

2023 Avg (November) 0.0587

2022 Avg (November) 0.0551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0552	0.0550	0.0551
February	0.0558	0.0550	0.0552
March	0.0559	0.0544	0.0551
April	0.0559	0.0546	0.0552
May	0.0563	0.0551	0.0553
June	0.0565	0.0551	0.0556
July	0.0568	0.0551	0.0560
August	0.0574	0.0551	0.0567
September	0.0577	0.0559	0.0570
October	0.0590	0.0572	0.0580
November	0.0593	0.0580	0.0587
December	0.0592	0.0582	0.0586