2023 PGK to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 383.6513. Conversely, the yearly low was recorded on November 16, dropping to 342.0847.
This high-to-low spread represents a total annual volatility of 41.5666 KRW. From a start-to-finish perspective, comparing the January average rate of 352.7057 to the December average rate of 347.9064, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 383.6513 was down 6.73% compared to the 2022 peak of 411.3281, 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 KRW 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 366.8801, compared to 358.7188 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.1613 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 28.2327 KRW (High: 375.0757 / Low: 346.8430). On the other end, December was the most stable month, with a tight range of 10.8817 KRW (High: 353.1417 / Low: 342.2600).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 16.0269 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 374.7870) against the same month in 2022 (average: 351.1114), the exchange rate shifted by +23.6756 (+6.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 363.0272 | 348.9147 | 352.7057 |
| February | 375.0757 | 346.8430 | 362.6533 |
| March | 376.6733 | 363.8872 | 370.5715 |
| April | 383.6513 | 366.4195 | 374.7870 |
| May | 381.6864 | 367.2729 | 375.9551 |
| June | 373.9491 | 355.4730 | 364.6082 |
| July | 373.9491 | 350.8360 | 359.8625 |
| August | 380.7273 | 356.2640 | 365.9212 |
| September | 374.1855 | 360.1943 | 366.0193 |
| October | 370.9719 | 357.1003 | 364.3153 |
| November | 363.0436 | 342.0847 | 348.2884 |
| December | 353.1417 | 342.2600 | 347.9064 |