2023 PGK to QAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to QAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1.0449. Conversely, the yearly low was recorded on November 24, dropping to 0.9609.
This high-to-low spread represents a total annual volatility of 0.0840 QAR. From a start-to-finish perspective, comparing the January average rate of 1.0344 to the December average rate of 0.9743, the exchange rate registered a net change of -5.81% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1.0449 was down 0.07% compared to the 2022 peak of 1.0457, 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 QAR 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 1.0322, compared to 0.9922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0399 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.0392 QAR (High: 1.0344 / Low: 0.9952). On the other end, January was the most stable month, with a tight range of 0.0075 QAR (High: 1.0403 / Low: 1.0328).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0164 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1.0334) against the same month in 2022 (average: 1.0346), the exchange rate shifted by -0.0012 (-0.11%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.0403 | 1.0328 | 1.0344 |
| February | 1.0449 | 1.0224 | 1.0334 |
| March | 1.0421 | 1.0268 | 1.0355 |
| April | 1.0440 | 1.0210 | 1.0338 |
| May | 1.0344 | 1.0132 | 1.0308 |
| June | 1.0347 | 1.0145 | 1.0251 |
| July | 1.0344 | 1.0028 | 1.0194 |
| August | 1.0344 | 0.9952 | 1.0074 |
| September | 1.0197 | 0.9872 | 0.9993 |
| October | 0.9965 | 0.9676 | 0.9829 |
| November | 0.9823 | 0.9609 | 0.9701 |
| December | 0.9797 | 0.9642 | 0.9743 |