2023 PGK to ISK Historical Review

YEARLY HIGH

41.1307 ISK

YEARLY LOW

35.7230 ISK

YEARLY AVERAGE

38.3173 ISK

2023 PGK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 41.1307. Conversely, the yearly low was recorded on August 29, dropping to 35.7230.

This high-to-low spread represents a total annual volatility of 5.4077 ISK. From a start-to-finish perspective, comparing the January average rate of 40.5622 to the December average rate of 36.8510, the exchange rate registered a net change of -9.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 41.1307 was down 2.20% compared to the 2022 peak of 42.0554, 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 205,653 ISK

2022 Average 191,804 ISK

Yearly Trough Low 178,615 ISK

Transaction Impact: A difference of 27,038.46 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.9739

36.0335

JanuMarcMayJulySeptNove

PGK to ISK 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 39.5901, compared to 37.0445 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.5456 points.

H1 Avg (Jan–Jun) 39.5901

H2 Avg (Jul–Dec) 37.0445

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.5732 ISK (High: 38.7367 / Low: 36.1635). On the other end, January was the most stable month, with a tight range of 1.0800 ISK (High: 41.0861 / Low: 40.0062).

July Spread (Volatile) ±2.5732

January Spread (Stable) ±1.0800

Growth Streaks & Declines

Trends

Between August and October, 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 June and July, when the average rate fell by 1.6385 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 40.5424) against the same month in 2022 (average: 35.5313), the exchange rate shifted by +5.0111 (+14.10%).

2023 Avg (February) 40.5424

2022 Avg (February) 35.5313

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.0861	40.0062	40.5622
February	41.1307	39.5545	40.5424
March	40.4483	38.5384	39.7284
April	39.1883	37.9935	38.7093
May	39.8903	38.5016	39.1986
June	40.0284	37.9285	38.7997
July	38.7367	36.1635	37.1611
August	37.5568	35.7230	36.4452
September	37.9000	36.0389	37.1322
October	38.1599	36.7252	37.3931
November	38.2249	36.3048	37.2842
December	37.5168	35.9669	36.8510