2023 PGK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 15.6080. Conversely, the yearly low was recorded on November 24, dropping to 14.6935.
This high-to-low spread represents a total annual volatility of 0.9145 ETB. From a start-to-finish perspective, comparing the January average rate of 15.2249 to the December average rate of 15.0127, the exchange rate registered a net change of -1.39% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.6080 was up 2.40% compared to the 2022 peak of 15.2415, 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 ETB 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 15.3040, compared to 15.1012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2028 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.5727 ETB (High: 15.6080 / Low: 15.0353). On the other end, January was the most stable month, with a tight range of 0.0923 ETB (High: 15.2841 / Low: 15.1918).
Growth Streaks & Declines
TrendsBetween February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1482 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 15.2269) against the same month in 2022 (average: 14.9054), the exchange rate shifted by +0.3215 (+2.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.2841 | 15.1918 | 15.2249 |
| February | 15.2878 | 15.0613 | 15.2193 |
| March | 15.3125 | 15.0837 | 15.2620 |
| April | 15.4645 | 15.2449 | 15.3635 |
| May | 15.4442 | 15.1874 | 15.3931 |
| June | 15.5114 | 15.1901 | 15.3611 |
| July | 15.5540 | 15.1968 | 15.3533 |
| August | 15.6080 | 15.0353 | 15.2269 |
| September | 15.4358 | 14.9871 | 15.1518 |
| October | 15.2390 | 14.7861 | 15.0035 |
| November | 15.0516 | 14.6935 | 14.8590 |
| December | 15.1322 | 14.8329 | 15.0127 |