2023 PGK to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 44.0595. Conversely, the yearly low was recorded on December 30, dropping to 40.9366.
This high-to-low spread represents a total annual volatility of 3.1229 JMD. From a start-to-finish perspective, comparing the January average rate of 43.3944 to the December average rate of 41.5208, the exchange rate registered a net change of -4.32% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 44.0595 was down 1.54% compared to the 2022 peak of 44.7476, 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 JMD 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 43.4146, compared to 42.1791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2355 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.7106 JMD (High: 43.9376 / Low: 42.2270). On the other end, February was the most stable month, with a tight range of 0.7145 JMD (High: 43.9175 / Low: 43.2029).
Growth Streaks & Declines
TrendsBetween March and May, 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 September and October, when the average rate fell by 0.5979 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 43.4800) against the same month in 2022 (average: 42.9954), the exchange rate shifted by +0.4846 (+1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.7551 | 42.8489 | 43.3944 |
| February | 43.9175 | 43.2029 | 43.7079 |
| March | 43.7007 | 42.2548 | 43.1316 |
| April | 43.5686 | 42.1477 | 43.1465 |
| May | 43.8329 | 42.8052 | 43.6272 |
| June | 44.0595 | 42.7748 | 43.4800 |
| July | 43.9771 | 42.6266 | 43.1958 |
| August | 43.9376 | 42.2270 | 42.7429 |
| September | 43.2483 | 41.9913 | 42.4043 |
| October | 42.4803 | 41.1009 | 41.8064 |
| November | 42.1714 | 40.9581 | 41.4045 |
| December | 41.9001 | 40.9366 | 41.5208 |