2023 PGK to AED Historical Review

YEARLY HIGH

1.0570 AED

YEARLY LOW

0.9694 AED

YEARLY AVERAGE

1.0204 AED

2023 PGK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 1.0570. Conversely, the yearly low was recorded on November 24, dropping to 0.9694.

This high-to-low spread represents a total annual volatility of 0.0877 AED. From a start-to-finish perspective, comparing the January average rate of 1.0426 to the December average rate of 0.9818, the exchange rate registered a net change of -5.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0570 was up 0.20% compared to the 2022 peak of 1.0549, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,285 AED

2022 Average 5,207 AED

Yearly Trough Low 4,847 AED

Transaction Impact: A difference of 438.31 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0492

0.9726

JanuMarcMayJulySeptNove

PGK to AED 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 1.0402, compared to 1.0006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0396 points.

H1 Avg (Jan–Jun) 1.0402

H2 Avg (Jul–Dec) 1.0006

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0405 AED (High: 1.0435 / Low: 1.0029). On the other end, January was the most stable month, with a tight range of 0.0044 AED (High: 1.0459 / Low: 1.0415).

August Spread (Volatile) ±0.0405

January Spread (Stable) ±0.0044

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 September and October, when the average rate fell by 0.0169 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.0428) against the same month in 2022 (average: 1.0432), the exchange rate shifted by -0.0003 (-0.03%).

2023 Avg (March) 1.0428

2022 Avg (March) 1.0432

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0459	1.0415	1.0426
February	1.0435	1.0284	1.0408
March	1.0570	1.0288	1.0428
April	1.0528	1.0285	1.0415
May	1.0436	1.0217	1.0396
June	1.0435	1.0180	1.0337
July	1.0435	1.0151	1.0286
August	1.0435	1.0029	1.0154
September	1.0285	0.9959	1.0078
October	1.0045	0.9750	0.9910
November	0.9924	0.9694	0.9790
December	0.9882	0.9713	0.9818