2023 PGK to PEN Historical Review

YEARLY HIGH

1.1064 PEN

YEARLY LOW

0.9785 PEN

YEARLY AVERAGE

1.0391 PEN

2023 PGK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.1064. Conversely, the yearly low was recorded on December 30, dropping to 0.9785.

This high-to-low spread represents a total annual volatility of 0.1280 PEN. From a start-to-finish perspective, comparing the January average rate of 1.0852 to the December average rate of 0.9988, the exchange rate registered a net change of -7.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1064 was down 2.48% compared to the 2022 peak of 1.1345, 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 5,532 PEN

2022 Average 5,434 PEN

Yearly Trough Low 4,892 PEN

Transaction Impact: A difference of 639.80 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0963

0.9899

JanuMarcMayJulySeptNove

PGK to PEN 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 1.0633, compared to 1.0149 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0483 points.

H1 Avg (Jan–Jun) 1.0633

H2 Avg (Jul–Dec) 1.0149

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0560 PEN (High: 1.0598 / Low: 1.0038). On the other end, March was the most stable month, with a tight range of 0.0216 PEN (High: 1.0799 / Low: 1.0583).

August Spread (Volatile) ±0.0560

March Spread (Stable) ±0.0216

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0306 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0852) against the same month in 2022 (average: 1.1051), the exchange rate shifted by -0.0198 (-1.79%).

2023 Avg (January) 1.0852

2022 Avg (January) 1.1051

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1064	1.0708	1.0852
February	1.1056	1.0667	1.0875
March	1.0799	1.0583	1.0725
April	1.0737	1.0509	1.0655
May	1.0550	1.0222	1.0429
June	1.0466	1.0060	1.0261
July	1.0342	0.9878	1.0077
August	1.0598	1.0038	1.0206
September	1.0422	1.0090	1.0218
October	1.0450	1.0214	1.0357
November	1.0309	0.9850	1.0051
December	1.0160	0.9785	0.9988