2023 PGK to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 23.7518. Conversely, the yearly low was recorded on November 24, dropping to 21.9903.
This high-to-low spread represents a total annual volatility of 1.7616 INR. From a start-to-finish perspective, comparing the January average rate of 23.1981 to the December average rate of 22.2533, the exchange rate registered a net change of -4.07% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.7518 was up 0.46% compared to the 2022 peak of 23.6424, 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 INR 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 23.2730, compared to 22.6012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6718 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.0841 INR (High: 23.6241 / Low: 22.5400). On the other end, December was the most stable month, with a tight range of 0.3746 INR (High: 22.3738 / Low: 21.9992).
Growth Streaks & Declines
TrendsNo 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 0.3331 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 23.3510) against the same month in 2022 (average: 21.6528), the exchange rate shifted by +1.6982 (+7.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.4929 | 22.9790 | 23.1981 |
| February | 23.5607 | 23.1537 | 23.4150 |
| March | 23.7518 | 23.1188 | 23.3510 |
| April | 23.4362 | 23.0014 | 23.2414 |
| May | 23.5058 | 22.9762 | 23.3053 |
| June | 23.4427 | 22.8384 | 23.1271 |
| July | 23.4829 | 22.6641 | 23.0166 |
| August | 23.6241 | 22.5400 | 22.9009 |
| September | 23.3019 | 22.4716 | 22.7874 |
| October | 22.7611 | 22.0553 | 22.4543 |
| November | 22.5048 | 21.9903 | 22.1946 |
| December | 22.3738 | 21.9992 | 22.2533 |