2023 PGK to BOB Historical Review

YEARLY HIGH

1.9810 BOB

YEARLY LOW

1.8227 BOB

YEARLY AVERAGE

1.9191 BOB

2023 PGK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1.9810. Conversely, the yearly low was recorded on November 24, dropping to 1.8227.

This high-to-low spread represents a total annual volatility of 0.1582 BOB. From a start-to-finish perspective, comparing the January average rate of 1.9614 to the December average rate of 1.8493, the exchange rate registered a net change of -5.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.9810 was up 0.17% compared to the 2022 peak of 1.9776, 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 9,905 BOB

2022 Average 9,771 BOB

Yearly Trough Low 9,114 BOB

Transaction Impact: A difference of 791.14 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9736

1.8275

JanuMarcMayJulySeptNove

PGK to BOB 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 1.9564, compared to 1.8818 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0745 points.

H1 Avg (Jan–Jun) 1.9564

H2 Avg (Jul–Dec) 1.8818

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0754 BOB (High: 1.9629 / Low: 1.8875). On the other end, January was the most stable month, with a tight range of 0.0043 BOB (High: 1.9644 / Low: 1.9601).

August Spread (Volatile) ±0.0754

January Spread (Stable) ±0.0043

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 0.0326 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0326

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.9593) against the same month in 2022 (average: 1.9561), the exchange rate shifted by +0.0032 (+0.16%).

2023 Avg (April) 1.9593

2022 Avg (April) 1.9561

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9644	1.9601	1.9614
February	1.9642	1.9361	1.9583
March	1.9637	1.9343	1.9593
April	1.9810	1.9359	1.9593
May	1.9639	1.9221	1.9555
June	1.9644	1.9155	1.9444
July	1.9633	1.9086	1.9332
August	1.9629	1.8875	1.9102
September	1.9346	1.8738	1.8956
October	1.8938	1.8357	1.8630
November	1.8619	1.8227	1.8397
December	1.8688	1.8286	1.8493