2023 PGK to BDT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to BDT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 31.0882. Conversely, the yearly low was recorded on December 18, dropping to 29.0417.
This high-to-low spread represents a total annual volatility of 2.0465 BDT. From a start-to-finish perspective, comparing the January average rate of 29.7478 to the December average rate of 29.4109, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 31.0882 was up 2.95% compared to the 2022 peak of 30.1983, 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 BDT 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 30.1291, compared to 29.8716 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2575 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.2471 BDT (High: 31.0882 / Low: 29.8411). On the other end, December was the most stable month, with a tight range of 0.6391 BDT (High: 29.6808 / Low: 29.0417).
Growth Streaks & Declines
TrendsBetween March and June, 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 September and October, when the average rate fell by 0.3993 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 30.2078) against the same month in 2022 (average: 26.9556), the exchange rate shifted by +3.2522 (+12.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.2891 | 29.2874 | 29.7478 |
| February | 30.7436 | 29.6434 | 30.1272 |
| March | 30.5503 | 29.4472 | 30.0625 |
| April | 30.5344 | 29.5014 | 30.0996 |
| May | 30.7130 | 29.8289 | 30.3259 |
| June | 30.7955 | 29.7390 | 30.4116 |
| July | 30.8656 | 29.9801 | 30.3568 |
| August | 31.0882 | 29.8411 | 30.2078 |
| September | 30.7265 | 29.7603 | 30.1239 |
| October | 30.2173 | 29.2905 | 29.7245 |
| November | 29.8423 | 29.0801 | 29.4058 |
| December | 29.6808 | 29.0417 | 29.4109 |