2023 PGK to ALL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to ALL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 31.6148. Conversely, the yearly low was recorded on November 30, dropping to 24.7344.
This high-to-low spread represents a total annual volatility of 6.8804 ALL. From a start-to-finish perspective, comparing the January average rate of 30.6376 to the December average rate of 25.1739, the exchange rate registered a net change of -17.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.6148 was down 7.82% compared to the 2022 peak of 34.2949, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PGK to ALL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 29.5810, compared to 26.3716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.2094 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 2.7061 ALL (High: 27.8054 / Low: 25.0993). On the other end, December was the most stable month, with a tight range of 0.7483 ALL (High: 25.5309 / Low: 24.7825).
Growth Streaks & Declines
TrendsBetween July and September, 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 June and July, when the average rate fell by 1.6935 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 30.6376) against the same month in 2022 (average: 30.4285), the exchange rate shifted by +0.2091 (+0.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 31.6148 | 30.3337 | 30.6376 |
| February | 30.9180 | 30.1616 | 30.6192 |
| March | 30.8413 | 29.6307 | 30.3537 |
| April | 29.6307 | 28.5280 | 29.0455 |
| May | 29.6695 | 28.5640 | 28.9560 |
| June | 28.8706 | 27.2772 | 27.8740 |
| July | 27.8054 | 25.0993 | 26.1805 |
| August | 27.9590 | 25.7601 | 26.7816 |
| September | 28.1974 | 27.0039 | 27.4692 |
| October | 27.6247 | 26.4819 | 27.0148 |
| November | 26.9207 | 24.7344 | 25.6095 |
| December | 25.5309 | 24.7825 | 25.1739 |