2023 PGK to KES Historical Review

YEARLY HIGH

42.2440 KES

YEARLY LOW

35.0204 KES

YEARLY AVERAGE

38.7895 KES

2023 PGK to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 42.2440. Conversely, the yearly low was recorded on January 2, dropping to 35.0204.

This high-to-low spread represents a total annual volatility of 7.2237 KES. From a start-to-finish perspective, comparing the January average rate of 35.1841 to the December average rate of 41.2910, the exchange rate registered a net change of 17.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.2440 was up 20.40% compared to the 2022 peak of 35.0852, 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 211,220 KES

2022 Average 167,203 KES

Yearly Trough Low 175,102 KES

Transaction Impact: A difference of 36,118.45 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.9017

34.5734

JanuMarcMayJulySeptNove

PGK to KES 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 37.3018, compared to 40.2772 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9754 points.

H1 Avg (Jan–Jun) 37.3018

H2 Avg (Jul–Dec) 40.2772

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 1.9725 KES (High: 40.9659 / Low: 38.9934). On the other end, January was the most stable month, with a tight range of 0.3348 KES (High: 35.3551 / Low: 35.0204).

August Spread (Volatile) ±1.9725

January Spread (Stable) ±0.3348

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0045 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 41.2910) against the same month in 2022 (average: 34.8914), the exchange rate shifted by +6.3996 (+18.34%).

2023 Avg (December) 41.2910

2022 Avg (December) 34.8914

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.3551	35.0204	35.1841
February	36.0617	35.2630	35.6025
March	37.6420	36.1805	36.7896
April	38.9910	37.1768	38.1058
May	39.3040	38.4138	38.8445
June	39.9432	38.1163	39.2841
July	40.4545	39.0679	39.5976
August	40.9659	38.9934	39.7397
September	40.9240	39.6455	40.2724
October	40.6672	39.5521	40.2679
November	41.0699	39.9825	40.4944
December	42.2440	40.6015	41.2910