2023 PGK to CVE Historical Review

YEARLY HIGH

29.7727 CVE

YEARLY LOW

26.3769 CVE

YEARLY AVERAGE

28.3630 CVE

2023 PGK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 29.7727. Conversely, the yearly low was recorded on December 30, dropping to 26.3769.

This high-to-low spread represents a total annual volatility of 3.3958 CVE. From a start-to-finish perspective, comparing the January average rate of 29.0910 to the December average rate of 27.0458, the exchange rate registered a net change of -7.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.7727 was down 10.17% compared to the 2022 peak of 33.1438, 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 148,864 CVE

2022 Average 149,015 CVE

Yearly Trough Low 131,885 CVE

Transaction Impact: A difference of 16,979.13 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.4876

26.8238

JanuMarcMayJulySeptNove

PGK to CVE 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 28.9365, compared to 27.7895 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1470 points.

H1 Avg (Jan–Jun) 28.9365

H2 Avg (Jul–Dec) 27.7895

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.7407 CVE (High: 28.8849 / Low: 27.1443). On the other end, May was the most stable month, with a tight range of 0.9190 CVE (High: 29.3466 / Low: 28.4275).

July Spread (Volatile) ±1.7407

May Spread (Stable) ±0.9190

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 0.9343 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 28.7179) against the same month in 2022 (average: 29.4671), the exchange rate shifted by -0.7492 (-2.54%).

2023 Avg (June) 28.7179

2022 Avg (June) 29.4671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.7602	28.7529	29.0910
February	29.6262	28.6260	29.2064
March	29.6922	28.6091	29.2657
April	28.8551	27.9351	28.5577
May	29.3466	28.4275	28.7802
June	29.7727	28.1229	28.7179
July	28.8849	27.1443	27.9574
August	28.9148	27.5176	27.9516
September	28.9464	27.7746	28.3381
October	28.7600	27.5559	28.1892
November	28.1924	26.6868	27.2549
December	27.7661	26.3769	27.0458