2023 NGN to PGK Historical Review

YEARLY HIGH

0.0079 PGK

YEARLY LOW

0.0041 PGK

YEARLY AVERAGE

0.0061 PGK

2023 NGN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0079. Conversely, the yearly low was recorded on December 28, dropping to 0.0041.

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 0.0078 to the December average rate of 0.0046, the exchange rate registered a net change of -40.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0079 was down 8.67% compared to the 2022 peak of 0.0086, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 7,877 PGK

2022 Average 8,331 PGK

Yearly Trough Low 4,141 PGK

Transaction Impact: A difference of 3,736.13 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0081

0.0043

JanuMarcMayJulySeptNove

NGN 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 0.0074, compared to 0.0047 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0074

H2 Avg (Jul–Dec) 0.0047

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0035 PGK (High: 0.0078 / Low: 0.0043). On the other end, March was the most stable month, with a tight range of 0.0001 PGK (High: 0.0078 / Low: 0.0076).

June Spread (Volatile) ±0.0035

March Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0017 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0078) against the same month in 2022 (average: 0.0085), the exchange rate shifted by -0.0008 (-8.99%).

2023 Avg (January) 0.0078

2022 Avg (January) 0.0085

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0079	0.0076	0.0078
February	0.0078	0.0076	0.0077
March	0.0078	0.0076	0.0077
April	0.0078	0.0076	0.0076
May	0.0078	0.0076	0.0077
June	0.0078	0.0043	0.0063
July	0.0047	0.0045	0.0046
August	0.0048	0.0046	0.0047
September	0.0049	0.0045	0.0047
October	0.0049	0.0042	0.0047
November	0.0048	0.0045	0.0047
December	0.0049	0.0041	0.0046