2023 PGK to MOP Historical Review

YEARLY HIGH

2.3039 MOP

YEARLY LOW

2.1175 MOP

YEARLY AVERAGE

2.2396 MOP

2023 PGK to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 2.3039. Conversely, the yearly low was recorded on November 24, dropping to 2.1175.

This high-to-low spread represents a total annual volatility of 0.1864 MOP. From a start-to-finish perspective, comparing the January average rate of 2.2862 to the December average rate of 2.1529, the exchange rate registered a net change of -5.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3039 was down 0.18% compared to the 2022 peak of 2.3082, 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 11,520 MOP

2022 Average 11,434 MOP

Yearly Trough Low 10,588 MOP

Transaction Impact: A difference of 931.99 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3073

2.1257

JanuMarcMayJulySeptNove

PGK to MOP 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 2.2858, compared to 2.1933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0925 points.

H1 Avg (Jan–Jun) 2.2858

H2 Avg (Jul–Dec) 2.1933

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0833 MOP (High: 2.2905 / Low: 2.2073). On the other end, January was the most stable month, with a tight range of 0.0133 MOP (High: 2.2924 / Low: 2.2792).

August Spread (Volatile) ±0.0833

January Spread (Stable) ±0.0133

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.0392 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.2849) against the same month in 2022 (average: 2.2920), the exchange rate shifted by -0.0071 (-0.31%).

2023 Avg (May) 2.2849

2022 Avg (May) 2.2920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2924	2.2792	2.2862
February	2.2975	2.2637	2.2905
March	2.2976	2.2639	2.2922
April	2.2989	2.2654	2.2907
May	2.3039	2.2432	2.2849
June	2.2963	2.2380	2.2703
July	2.2933	2.2237	2.2522
August	2.2905	2.2073	2.2280
September	2.2608	2.1844	2.2125
October	2.2108	2.1402	2.1733
November	2.1693	2.1175	2.1409
December	2.1774	2.1260	2.1529