2023 PGK to KGS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to KGS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to KGS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 25.1583. Conversely, the yearly low was recorded on November 24, dropping to 23.4425.
This high-to-low spread represents a total annual volatility of 1.7159 KGS. From a start-to-finish perspective, comparing the January average rate of 24.2934 to the December average rate of 23.8277, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.1583 was down 14.06% compared to the 2022 peak of 29.2728, 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 KGS 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 24.6575, compared to 24.1404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5171 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.9881 KGS (High: 25.0767 / Low: 24.0886). On the other end, December was the most stable month, with a tight range of 0.4043 KGS (High: 23.9640 / Low: 23.5597).
Growth Streaks & Declines
TrendsBetween January and March, 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 October and November, when the average rate fell by 0.2746 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 24.8221) against the same month in 2022 (average: 27.8963), the exchange rate shifted by -3.0742 (-11.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.4744 | 23.8430 | 24.2934 |
| February | 24.8352 | 24.2911 | 24.6436 |
| March | 25.1583 | 24.4883 | 24.8221 |
| April | 25.0919 | 24.4821 | 24.8088 |
| May | 24.8835 | 24.3687 | 24.7635 |
| June | 24.8835 | 24.2774 | 24.6139 |
| July | 24.9277 | 24.2679 | 24.5635 |
| August | 25.0767 | 24.0886 | 24.3490 |
| September | 24.7471 | 24.0518 | 24.2955 |
| October | 24.2608 | 23.7103 | 24.0407 |
| November | 24.1328 | 23.4425 | 23.7660 |
| December | 23.9640 | 23.5597 | 23.8277 |