2023 PGK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 1411.5613. Conversely, the yearly low was recorded on December 30, dropping to 1026.4661.
This high-to-low spread represents a total annual volatility of 385.0952 COP. From a start-to-finish perspective, comparing the January average rate of 1337.9270 to the December average rate of 1057.8182, the exchange rate registered a net change of -20.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1411.5613 was down 2.01% compared to the 2022 peak of 1440.5020, 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 COP 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 1300.2868, compared to 1105.9080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 194.3789 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 137.9408 COP (High: 1411.2673 / Low: 1273.3265). On the other end, December was the most stable month, with a tight range of 51.1647 COP (High: 1077.6308 / Low: 1026.4661).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 103.0281 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1358.9320) against the same month in 2022 (average: 1119.1163), the exchange rate shifted by +239.8158 (+21.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1411.2673 | 1273.3265 | 1337.9270 |
| February | 1411.5613 | 1308.6370 | 1358.9320 |
| March | 1381.6690 | 1307.5657 | 1350.9318 |
| April | 1330.2369 | 1235.6220 | 1285.9468 |
| May | 1330.4558 | 1235.2925 | 1285.5057 |
| June | 1252.1935 | 1136.4193 | 1182.4777 |
| July | 1192.1217 | 1099.0069 | 1138.4199 |
| August | 1174.0496 | 1087.2591 | 1125.8491 |
| September | 1146.7851 | 1062.3405 | 1100.2066 |
| October | 1184.6365 | 1092.6394 | 1138.8581 |
| November | 1105.4164 | 1049.3612 | 1074.2957 |
| December | 1077.6308 | 1026.4661 | 1057.8182 |