2023 PGK to FJD Historical Review

YEARLY HIGH

0.6524 FJD

YEARLY LOW

0.5805 FJD

YEARLY AVERAGE

0.6193 FJD

2023 PGK to FJD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to FJD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 0.6524. Conversely, the yearly low was recorded on December 30, dropping to 0.5805.

This high-to-low spread represents a total annual volatility of 0.0719 FJD. From a start-to-finish perspective, comparing the January average rate of 0.6182 to the December average rate of 0.5922, the exchange rate registered a net change of -4.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6524 was down 2.19% compared to the 2022 peak of 0.6670, 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 3,262 FJD

2022 Average 3,103 FJD

Yearly Trough Low 2,902 FJD

Transaction Impact: A difference of 359.59 FJD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6336

0.5885

JanuMarcMayJulySeptNove

PGK to FJD 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 0.6256, compared to 0.6130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0126 points.

H1 Avg (Jan–Jun) 0.6256

H2 Avg (Jul–Dec) 0.6130

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0380 FJD (High: 0.6524 / Low: 0.6144). On the other end, May was the most stable month, with a tight range of 0.0167 FJD (High: 0.6388 / Low: 0.6221).

August Spread (Volatile) ±0.0380

May Spread (Stable) ±0.0167

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 0.0133 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.6237) against the same month in 2022 (average: 0.6239), the exchange rate shifted by -0.0002 (-0.03%).

2023 Avg (August) 0.6237

2022 Avg (August) 0.6239

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6307	0.6106	0.6182
February	0.6305	0.6123	0.6217
March	0.6380	0.6191	0.6298
April	0.6375	0.6151	0.6277
May	0.6388	0.6221	0.6299
June	0.6388	0.6147	0.6264
July	0.6378	0.6023	0.6211
August	0.6524	0.6144	0.6237
September	0.6368	0.6139	0.6232
October	0.6287	0.6062	0.6155
November	0.6163	0.5905	0.6023
December	0.6001	0.5805	0.5922