2023 PGK to BND Historical Review

YEARLY HIGH

0.3859 BND

YEARLY LOW

0.3496 BND

YEARLY AVERAGE

0.3729 BND

2023 PGK to BND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to BND exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 0.3859. Conversely, the yearly low was recorded on December 30, dropping to 0.3496.

This high-to-low spread represents a total annual volatility of 0.0364 BND. From a start-to-finish perspective, comparing the January average rate of 0.3767 to the December average rate of 0.3562, the exchange rate registered a net change of -5.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3859 was down 6.01% compared to the 2022 peak of 0.4106, 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 1,930 BND

2022 Average 1,955 BND

Yearly Trough Low 1,748 BND

Transaction Impact: A difference of 181.79 BND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3828

0.3537

JanuMarcMayJulySeptNove

PGK to BND 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 0.3783, compared to 0.3676 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.3783

H2 Avg (Jul–Dec) 0.3676

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0210 BND (High: 0.3858 / Low: 0.3648). On the other end, April was the most stable month, with a tight range of 0.0080 BND (High: 0.3794 / Low: 0.3714).

July Spread (Volatile) ±0.0210

April Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0099 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.3734) against the same month in 2022 (average: 0.3929), the exchange rate shifted by -0.0195 (-4.96%).

2023 Avg (August) 0.3734

2022 Avg (August) 0.3929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3827	0.3723	0.3767
February	0.3828	0.3706	0.3774
March	0.3844	0.3737	0.3804
April	0.3794	0.3714	0.3772
May	0.3838	0.3758	0.3790
June	0.3858	0.3741	0.3787
July	0.3858	0.3648	0.3737
August	0.3859	0.3681	0.3734
September	0.3820	0.3689	0.3738
October	0.3752	0.3633	0.3693
November	0.3690	0.3537	0.3594
December	0.3602	0.3496	0.3562