2023 PGK to KWD Historical Review

YEARLY HIGH

0.0876 KWD

YEARLY LOW

0.0813 KWD

YEARLY AVERAGE

0.0854 KWD

2023 PGK to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 0.0876. Conversely, the yearly low was recorded on December 30, dropping to 0.0813.

This high-to-low spread represents a total annual volatility of 0.0063 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0867 to the December average rate of 0.0823, the exchange rate registered a net change of -5.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0876 was down 1.47% compared to the 2022 peak of 0.0889, 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 438 KWD

2022 Average 434 KWD

Yearly Trough Low 406 KWD

Transaction Impact: A difference of 31.54 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0875

0.0817

JanuMarcMayJulySeptNove

PGK to KWD 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 0.0868, compared to 0.0840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0028 points.

H1 Avg (Jan–Jun) 0.0868

H2 Avg (Jul–Dec) 0.0840

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0033 KWD (High: 0.0875 / Low: 0.0842). On the other end, January was the most stable month, with a tight range of 0.0005 KWD (High: 0.0871 / Low: 0.0865).

August Spread (Volatile) ±0.0033

January Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0013 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0870) against the same month in 2022 (average: 0.0863), the exchange rate shifted by +0.0008 (+0.88%).

2023 Avg (March) 0.0870

2022 Avg (March) 0.0863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0871	0.0865	0.0867
February	0.0872	0.0858	0.0867
March	0.0876	0.0858	0.0870
April	0.0875	0.0859	0.0869
May	0.0874	0.0856	0.0869
June	0.0874	0.0851	0.0865
July	0.0874	0.0845	0.0859
August	0.0875	0.0842	0.0851
September	0.0864	0.0837	0.0847
October	0.0846	0.0821	0.0834
November	0.0834	0.0813	0.0822
December	0.0828	0.0813	0.0823