2023 NZD to PGK Historical Review

YEARLY HIGH

2.3913 PGK

YEARLY LOW

2.0845 PGK

YEARLY AVERAGE

2.2114 PGK

2023 NZD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.3913. Conversely, the yearly low was recorded on August 18, dropping to 2.0845.

This high-to-low spread represents a total annual volatility of 0.3067 PGK. From a start-to-finish perspective, comparing the January average rate of 2.2567 to the December average rate of 2.3301, the exchange rate registered a net change of 3.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3913 was down 2.81% compared to the 2022 peak of 2.4604, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,956 PGK

2022 Average 11,214 PGK

Yearly Trough Low 10,423 PGK

Transaction Impact: A difference of 1,533.60 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3470

2.1437

JanuMarcMayJulySeptNove

NZD 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 2.2037, compared to 2.2192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0155 points.

H1 Avg (Jan–Jun) 2.2037

H2 Avg (Jul–Dec) 2.2192

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1473 PGK (High: 2.3262 / Low: 2.1789). On the other end, March was the most stable month, with a tight range of 0.0754 PGK (High: 2.2239 / Low: 2.1485).

November Spread (Volatile) ±0.1473

March Spread (Stable) ±0.0754

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0563 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0563

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.3301) against the same month in 2022 (average: 2.2408), the exchange rate shifted by +0.0893 (+3.98%).

2023 Avg (December) 2.3301

2022 Avg (December) 2.2408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2887	2.1937	2.2567
February	2.2960	2.1650	2.2164
March	2.2239	2.1485	2.1861
April	2.2492	2.1524	2.1898
May	2.2456	2.1282	2.1927
June	2.2280	2.1344	2.1802
July	2.3041	2.1606	2.2226
August	2.2171	2.0845	2.1663
September	2.1968	2.0975	2.1607
October	2.2479	2.1615	2.1850
November	2.3262	2.1789	2.2504
December	2.3913	2.2843	2.3301