2023 PGK to HNL Historical Review

YEARLY HIGH

7.0604 HNL

YEARLY LOW

6.5254 HNL

YEARLY AVERAGE

6.8515 HNL

2023 PGK to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 7.0604. Conversely, the yearly low was recorded on December 18, dropping to 6.5254.

This high-to-low spread represents a total annual volatility of 0.5350 HNL. From a start-to-finish perspective, comparing the January average rate of 7.0014 to the December average rate of 6.6065, the exchange rate registered a net change of -5.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 7.0604 was down 4.30% compared to the 2022 peak of 7.3779, 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 35,302 HNL

2022 Average 34,883 HNL

Yearly Trough Low 32,627 HNL

Transaction Impact: A difference of 2,674.75 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

7.0439

6.5342

JanuMarcMayJulySeptNove

PGK to HNL 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 6.9785, compared to 6.7245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2539 points.

H1 Avg (Jan–Jun) 6.9785

H2 Avg (Jul–Dec) 6.7245

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.2880 HNL (High: 6.9863 / Low: 6.6983). On the other end, January was the most stable month, with a tight range of 0.0279 HNL (High: 7.0170 / Low: 6.9891).

September Spread (Volatile) ±0.2880

January Spread (Stable) ±0.0279

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1331 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1331

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 6.9856) against the same month in 2022 (average: 6.9857), the exchange rate shifted by -0.0001 (-0.00%).

2023 Avg (February) 6.9856

2022 Avg (February) 6.9857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7.0170	6.9891	7.0014
February	7.0604	6.9068	6.9856
March	7.0271	6.9087	6.9938
April	7.0057	6.8893	6.9722
May	7.0085	6.8379	6.9722
June	7.0313	6.8240	6.9456
July	7.0227	6.7989	6.8964
August	6.9915	6.7258	6.8058
September	6.9863	6.6983	6.7974
October	6.7934	6.5603	6.6644
November	6.6607	6.5325	6.5767
December	6.6559	6.5254	6.6065