2023 PGK to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 167.9954. Conversely, the yearly low was recorded on December 30, dropping to 137.6676.
This high-to-low spread represents a total annual volatility of 30.3278 CRC. From a start-to-finish perspective, comparing the January average rate of 163.1456 to the December average rate of 140.3947, the exchange rate registered a net change of -13.95% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 167.9954 was down 14.32% compared to the 2022 peak of 196.0759, 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 CRC 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 155.7053, compared to 145.3831 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 10.3223 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 11.2750 CRC (High: 167.9954 / Low: 156.7203). On the other end, April was the most stable month, with a tight range of 3.7256 CRC (High: 153.9916 / Low: 150.2660).
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 February and March, when the average rate fell by 5.2261 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 163.1456) against the same month in 2022 (average: 181.3227), the exchange rate shifted by -18.1771 (-10.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 167.9954 | 156.7203 | 163.1456 |
| February | 165.1246 | 156.3262 | 160.1476 |
| March | 158.8680 | 151.2208 | 154.9215 |
| April | 153.9916 | 150.2660 | 151.8913 |
| May | 154.3898 | 149.7158 | 152.1585 |
| June | 154.2376 | 149.9225 | 151.9676 |
| July | 154.3374 | 148.1131 | 151.2654 |
| August | 151.8432 | 146.9054 | 148.7820 |
| September | 149.9957 | 144.5729 | 146.9546 |
| October | 146.5268 | 140.8744 | 143.5070 |
| November | 143.7724 | 140.0277 | 141.3946 |
| December | 141.9395 | 137.6676 | 140.3947 |