2023 PGK to MGA Historical Review

YEARLY HIGH

1290.1454 MGA

YEARLY LOW

1187.7268 MGA

YEARLY AVERAGE

1235.7978 MGA

2023 PGK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1290.1454. Conversely, the yearly low was recorded on November 24, dropping to 1187.7268.

This high-to-low spread represents a total annual volatility of 102.4186 MGA. From a start-to-finish perspective, comparing the January average rate of 1248.5875 to the December average rate of 1225.0032, the exchange rate registered a net change of -1.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1290.1454 was up 1.37% compared to the 2022 peak of 1272.7273, 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 6,450,727 MGA

2022 Average 5,854,304 MGA

Yearly Trough Low 5,938,634 MGA

Transaction Impact: A difference of 512,092.87 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1266.0083

1197.5747

JanuMarcMayJulySeptNove

PGK to MGA 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 1239.5864, compared to 1232.0091 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.5773 points.

H1 Avg (Jan–Jun) 1239.5864

H2 Avg (Jul–Dec) 1232.0091

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 81.8210 MGA (High: 1290.1454 / Low: 1208.3244). On the other end, February was the most stable month, with a tight range of 25.1227 MGA (High: 1226.0166 / Low: 1200.8939).

January Spread (Volatile) ±81.8210

February Spread (Stable) ±25.1227

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 30.6315 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -30.6315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1248.5875) against the same month in 2022 (average: 1129.5927), the exchange rate shifted by +118.9949 (+10.53%).

2023 Avg (January) 1248.5875

2022 Avg (January) 1129.5927

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1290.1454	1208.3244	1248.5875
February	1226.0166	1200.8939	1217.9560
March	1239.3525	1204.5236	1223.7859
April	1253.8238	1214.1919	1241.5011
May	1253.5511	1225.6189	1246.0793
June	1286.9318	1223.4219	1259.6084
July	1288.3523	1224.1774	1260.3055
August	1268.4659	1224.5942	1244.4245
September	1253.0627	1220.6700	1237.3981
October	1244.5015	1203.5024	1221.6460
November	1221.1190	1187.7268	1203.2775
December	1234.8160	1205.1742	1225.0032