2023 OMR to PGK Historical Review

YEARLY HIGH

9.8424 PGK

YEARLY LOW

9.0952 PGK

YEARLY AVERAGE

9.3571 PGK

2023 OMR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 9.8424. Conversely, the yearly low was recorded on April 30, dropping to 9.0952.

This high-to-low spread represents a total annual volatility of 0.7472 PGK. From a start-to-finish perspective, comparing the January average rate of 9.1514 to the December average rate of 9.7166, the exchange rate registered a net change of 6.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9.8424 was up 5.41% compared to the 2022 peak of 9.3369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 49,212 PGK

2022 Average 45,807 PGK

Yearly Trough Low 45,476 PGK

Transaction Impact: A difference of 3,736.07 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9.8092

9.0916

JanuMarcMayJulySeptNove

OMR 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 9.1748, compared to 9.5394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3646 points.

H1 Avg (Jan–Jun) 9.1748

H2 Avg (Jul–Dec) 9.5394

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.3662 PGK (High: 9.5092 / Low: 9.1430). On the other end, January was the most stable month, with a tight range of 0.0450 PGK (High: 9.1680 / Low: 9.1231).

August Spread (Volatile) ±0.3662

January Spread (Stable) ±0.0450

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 0.0328 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0328

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 9.7494) against the same month in 2022 (average: 9.1427), the exchange rate shifted by +0.6067 (+6.64%).

2023 Avg (November) 9.7494

2022 Avg (November) 9.1427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.1680	9.1231	9.1514
February	9.2760	9.1425	9.1698
March	9.2719	9.1051	9.1569
April	9.2737	9.0952	9.1618
May	9.3353	9.1290	9.1770
June	9.3709	9.1425	9.2319
July	9.4026	9.1432	9.2778
August	9.5092	9.1430	9.3956
September	9.5784	9.2758	9.4682
October	9.7879	9.4902	9.6289
November	9.8424	9.6145	9.7494
December	9.8225	9.6541	9.7166