2023 PGK to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 2114.6169. Conversely, the yearly low was recorded on December 30, dropping to 1930.1991.
This high-to-low spread represents a total annual volatility of 184.4178 PYG. From a start-to-finish perspective, comparing the January average rate of 2093.7897 to the December average rate of 1967.1314, the exchange rate registered a net change of -6.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2114.6169 was up 1.42% compared to the 2022 peak of 2085.1103, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PGK to PYG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2052.2048, compared to 1996.4012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 55.8036 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 77.3339 PYG (High: 2064.4236 / Low: 1987.0896). On the other end, October was the most stable month, with a tight range of 42.1090 PYG (High: 2003.1430 / Low: 1961.0339).
Growth Streaks & Declines
TrendsBetween April and June, 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 February and March, when the average rate fell by 28.0560 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 2093.7897) against the same month in 2022 (average: 1976.8329), the exchange rate shifted by +116.9568 (+5.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2114.6169 | 2070.6750 | 2093.7897 |
| February | 2092.9304 | 2043.3009 | 2069.0359 |
| March | 2072.7767 | 2009.8845 | 2040.9799 |
| April | 2063.7680 | 2001.2966 | 2030.1836 |
| May | 2055.0596 | 2006.7582 | 2038.7478 |
| June | 2069.0076 | 2014.2171 | 2040.4918 |
| July | 2072.3368 | 2003.9255 | 2033.7831 |
| August | 2064.4236 | 1987.0896 | 2010.3615 |
| September | 2033.4216 | 1973.4796 | 1996.2494 |
| October | 2003.1430 | 1961.0339 | 1988.6106 |
| November | 2008.5593 | 1962.3614 | 1982.2709 |
| December | 1995.5888 | 1930.1991 | 1967.1314 |