2023 PGK to BIF Historical Review

YEARLY HIGH

807.8125 BIF

YEARLY LOW

581.9333 BIF

YEARLY AVERAGE

705.5072 BIF

2023 PGK to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 807.8125. Conversely, the yearly low was recorded on February 19, dropping to 581.9333.

This high-to-low spread represents a total annual volatility of 225.8792 BIF. From a start-to-finish perspective, comparing the January average rate of 587.2690 to the December average rate of 762.0837, the exchange rate registered a net change of 29.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 807.8125 was up 37.01% compared to the 2022 peak of 589.6183, 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 4,039,063 BIF

2022 Average 2,894,984 BIF

Yearly Trough Low 2,909,667 BIF

Transaction Impact: A difference of 1,129,395.89 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

817.1759

566.3684

JanuMarcMayJulySeptNove

PGK to BIF 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 637.8936, compared to 773.1208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 135.2271 points.

H1 Avg (Jan–Jun) 637.8936

H2 Avg (Jul–Dec) 773.1208

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 212.4091 BIF (High: 801.4205 / Low: 589.0113). On the other end, January was the most stable month, with a tight range of 3.9558 BIF (High: 588.5770 / Low: 584.6211).

May Spread (Volatile) ±212.4091

January Spread (Stable) ±3.9558

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 12.3781 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -12.3781

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 792.3575) against the same month in 2022 (average: 579.6238), the exchange rate shifted by +212.7337 (+36.70%).

2023 Avg (July) 792.3575

2022 Avg (July) 579.6238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	588.5770	584.6211	587.2690
February	589.5208	581.9333	587.4798
March	592.3295	582.5565	589.5232
April	592.3295	582.9365	589.6852
May	801.4205	589.0113	677.1292
June	807.3864	783.0068	796.2752
July	807.8125	781.4615	792.3575
August	805.3977	773.0113	783.4734
September	793.2062	768.5105	778.1532
October	777.2784	754.1991	765.7751
November	766.0901	752.2270	756.8816
December	769.5892	753.2492	762.0837