2023 NOK to PGK Historical Review

YEARLY HIGH

0.3709 PGK

YEARLY LOW

0.3173 PGK

YEARLY AVERAGE

0.3413 PGK

2023 NOK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.3709. Conversely, the yearly low was recorded on June 6, dropping to 0.3173.

This high-to-low spread represents a total annual volatility of 0.0536 PGK. From a start-to-finish perspective, comparing the January average rate of 0.3550 to the December average rate of 0.3560, the exchange rate registered a net change of 0.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3709 was down 9.72% compared to the 2022 peak of 0.4109, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,855 PGK

2022 Average 1,841 PGK

Yearly Trough Low 1,586 PGK

Transaction Impact: A difference of 268.14 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3589

0.3239

JanuMarcMayJulySeptNove

NOK 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 0.3376, compared to 0.3450 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.3376

H2 Avg (Jul–Dec) 0.3450

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0323 PGK (High: 0.3600 / Low: 0.3277). On the other end, September was the most stable month, with a tight range of 0.0108 PGK (High: 0.3443 / Low: 0.3335).

July Spread (Volatile) ±0.0323

September Spread (Stable) ±0.0108

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0106 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3560) against the same month in 2022 (average: 0.3572), the exchange rate shifted by -0.0012 (-0.33%).

2023 Avg (December) 0.3560

2022 Avg (December) 0.3572

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3598	0.3435	0.3550
February	0.3564	0.3375	0.3444
March	0.3417	0.3247	0.3343
April	0.3474	0.3267	0.3357
May	0.3356	0.3175	0.3268
June	0.3404	0.3173	0.3293
July	0.3600	0.3277	0.3475
August	0.3585	0.3301	0.3455
September	0.3443	0.3335	0.3397
October	0.3459	0.3322	0.3370
November	0.3553	0.3323	0.3442
December	0.3709	0.3401	0.3560