2023 PGK to MYR Historical Review

YEARLY HIGH

1.3286 MYR

YEARLY LOW

1.1992 MYR

YEARLY AVERAGE

1.2660 MYR

2023 PGK to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 23, valuing the pair at 1.3286. Conversely, the yearly low was recorded on February 5, dropping to 1.1992.

This high-to-low spread represents a total annual volatility of 0.1293 MYR. From a start-to-finish perspective, comparing the January average rate of 1.2287 to the December average rate of 1.2451, the exchange rate registered a net change of 1.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3286 was down 2.55% compared to the 2022 peak of 1.3633, 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 6,643 MYR

2022 Average 6,237 MYR

Yearly Trough Low 5,996 MYR

Transaction Impact: A difference of 646.71 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3102

1.2213

JanuMarcMayJulySeptNove

PGK to MYR 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 1.2619, compared to 1.2701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 1.2619

H2 Avg (Jul–Dec) 1.2701

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0757 MYR (High: 1.3267 / Low: 1.2510). On the other end, October was the most stable month, with a tight range of 0.0266 MYR (High: 1.2929 / Low: 1.2663).

July Spread (Volatile) ±0.0757

October Spread (Stable) ±0.0266

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 October and November, when the average rate fell by 0.0299 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 1.3028) against the same month in 2022 (average: 1.2391), the exchange rate shifted by +0.0637 (+5.14%).

2023 Avg (June) 1.3028

2022 Avg (June) 1.2391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2506	1.2038	1.2287
February	1.2732	1.1992	1.2370
March	1.2909	1.2494	1.2692
April	1.2788	1.2377	1.2548
May	1.3079	1.2588	1.2789
June	1.3286	1.2687	1.3028
July	1.3267	1.2510	1.2862
August	1.3217	1.2512	1.2744
September	1.3095	1.2697	1.2843
October	1.2929	1.2663	1.2802
November	1.2848	1.2329	1.2503
December	1.2573	1.2152	1.2451