2023 PGK to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 107.6900. Conversely, the yearly low was recorded on November 27, dropping to 91.6780.
This high-to-low spread represents a total annual volatility of 16.0120 HUF. From a start-to-finish perspective, comparing the January average rate of 103.9048 to the December average rate of 93.4480, the exchange rate registered a net change of -10.06% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 107.6900 was down 14.81% compared to the 2022 peak of 126.4173, 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 HUF 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 99.7097, compared to 96.3920 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3177 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 8.4083 HUF (High: 107.3330 / Low: 98.9247). On the other end, May was the most stable month, with a tight range of 3.2275 HUF (High: 98.7220 / Low: 95.4946).
Growth Streaks & Declines
TrendsBetween July and September, 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 5.0677 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 103.9048) against the same month in 2022 (average: 90.0192), the exchange rate shifted by +13.8857 (+15.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 107.6900 | 100.6408 | 103.9048 |
| February | 104.4299 | 99.8361 | 101.8373 |
| March | 107.3330 | 98.9247 | 102.1314 |
| April | 100.1964 | 95.2722 | 97.1447 |
| May | 98.7220 | 95.4946 | 97.0341 |
| June | 98.1506 | 94.5276 | 96.2060 |
| July | 99.6175 | 92.1375 | 96.0750 |
| August | 99.8977 | 95.7914 | 97.5768 |
| September | 102.6948 | 96.7106 | 99.3720 |
| October | 101.5488 | 96.0648 | 98.4741 |
| November | 97.5458 | 91.6780 | 93.4064 |
| December | 95.4031 | 91.8188 | 93.4480 |