2023 PGK to LKR Historical Review

YEARLY HIGH

104.5311 LKR

YEARLY LOW

80.7494 LKR

YEARLY AVERAGE

91.3223 LKR

2023 PGK to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 104.5311. Conversely, the yearly low was recorded on June 3, dropping to 80.7494.

This high-to-low spread represents a total annual volatility of 23.7818 LKR. From a start-to-finish perspective, comparing the January average rate of 103.8101 to the December average rate of 87.3465, the exchange rate registered a net change of -15.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 104.5311 was down 0.36% compared to the 2022 peak of 104.9067, 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 522,656 LKR

2022 Average 459,449 LKR

Yearly Trough Low 403,747 LKR

Transaction Impact: A difference of 118,908.87 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

105.6731

83.3171

JanuMarcMayJulySeptNove

PGK to LKR 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 94.4045, compared to 88.2400 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1645 points.

H1 Avg (Jan–Jun) 94.4045

H2 Avg (Jul–Dec) 88.2400

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 13.3022 LKR (High: 103.6526 / Low: 90.3504). On the other end, January was the most stable month, with a tight range of 1.0462 LKR (High: 104.3436 / Low: 103.2974).

March Spread (Volatile) ±13.3022

January Spread (Stable) ±1.0462

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 February and March, when the average rate fell by 8.4931 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -8.4931

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 103.4476) against the same month in 2022 (average: 57.5221), the exchange rate shifted by +45.9255 (+79.84%).

2023 Avg (February) 103.4476

2022 Avg (February) 57.5221

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.3436	103.2974	103.8101
February	104.5311	102.2719	103.4476
March	103.6526	90.3504	94.9546
April	93.7664	90.0819	91.3047
May	90.9151	82.6187	87.7300
June	89.7170	80.7494	85.1801
July	93.6346	84.9754	89.4253
August	91.7492	86.7044	88.9506
September	90.3610	87.4073	88.6800
October	88.8693	86.3441	87.6730
November	88.5856	86.5815	87.3646
December	88.0565	85.8203	87.3465