2023 PGK to NZD Historical Review

YEARLY HIGH

0.4797 NZD

YEARLY LOW

0.4182 NZD

YEARLY AVERAGE

0.4525 NZD

2023 PGK to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 18, valuing the pair at 0.4797. Conversely, the yearly low was recorded on December 30, dropping to 0.4182.

This high-to-low spread represents a total annual volatility of 0.0615 NZD. From a start-to-finish perspective, comparing the January average rate of 0.4432 to the December average rate of 0.4292, the exchange rate registered a net change of -3.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4797 was down 6.08% compared to the 2022 peak of 0.5108, 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 2,399 NZD

2022 Average 2,236 NZD

Yearly Trough Low 2,091 NZD

Transaction Impact: A difference of 307.66 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4663

0.4259

JanuMarcMayJulySeptNove

PGK to NZD 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 0.4539, compared to 0.4510 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.4539

H2 Avg (Jul–Dec) 0.4510

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0291 NZD (High: 0.4590 / Low: 0.4299). On the other end, March was the most stable month, with a tight range of 0.0158 NZD (High: 0.4654 / Low: 0.4497).

November Spread (Volatile) ±0.0291

March Spread (Stable) ±0.0158

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 November and December, when the average rate fell by 0.0153 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0153

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4617) against the same month in 2022 (average: 0.4538), the exchange rate shifted by +0.0080 (+1.75%).

2023 Avg (August) 0.4617

2022 Avg (August) 0.4538

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4558	0.4369	0.4432
February	0.4619	0.4355	0.4513
March	0.4654	0.4497	0.4575
April	0.4646	0.4446	0.4567
May	0.4699	0.4453	0.4562
June	0.4685	0.4488	0.4587
July	0.4628	0.4340	0.4500
August	0.4797	0.4510	0.4617
September	0.4768	0.4552	0.4629
October	0.4626	0.4449	0.4577
November	0.4590	0.4299	0.4445
December	0.4378	0.4182	0.4292