2023 PGK to IRR Historical Review

YEARLY HIGH

12159.0012 IRR

YEARLY LOW

11112.0632 IRR

YEARLY AVERAGE

11729.2993 IRR

2023 PGK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 12159.0012. Conversely, the yearly low was recorded on December 30, dropping to 11112.0632.

This high-to-low spread represents a total annual volatility of 1046.9380 IRR. From a start-to-finish perspective, comparing the January average rate of 11903.5186 to the December average rate of 11289.3232, the exchange rate registered a net change of -5.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12159.0012 was down 0.15% compared to the 2022 peak of 12176.8993, 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 60,795,006 IRR

2022 Average 59,919,896 IRR

Yearly Trough Low 55,560,316 IRR

Transaction Impact: A difference of 5,234,689.97 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12056.3833

11191.1426

JanuMarcMayJulySeptNove

PGK to IRR 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 11948.0468, compared to 11510.5517 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 437.4952 points.

H1 Avg (Jan–Jun) 11948.0468

H2 Avg (Jul–Dec) 11510.5517

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 495.6500 IRR (High: 12159.0012 / Low: 11663.3512). On the other end, January was the most stable month, with a tight range of 175.4780 IRR (High: 11988.6364 / Low: 11813.1584).

March Spread (Volatile) ±495.6500

January Spread (Stable) ±175.4780

Growth Streaks & Declines

Trends

Between January and April, 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 194.6302 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -194.6302

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 11971.9670) against the same month in 2022 (average: 12008.1931), the exchange rate shifted by -36.2261 (-0.30%).

2023 Avg (March) 11971.9670

2022 Avg (March) 12008.1931

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11988.6364	11813.1584	11903.5186
February	12024.1477	11731.9456	11963.4440
March	12159.0012	11663.3512	11971.9670
April	12113.0143	11832.1785	11984.2799
May	12017.0455	11769.1085	11967.3382
June	12017.0455	11724.3140	11897.7334
July	12009.9432	11610.3846	11829.8353
August	12009.9432	11536.4725	11688.0430
September	11834.7917	11455.8726	11593.7465
October	11554.7244	11218.7110	11399.1162
November	11418.6557	11158.0337	11263.2460
December	11370.0565	11112.0632	11289.3232