2023 PGK to RUB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to RUB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to RUB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 27.5638. Conversely, the yearly low was recorded on January 15, dropping to 18.7861.
This high-to-low spread represents a total annual volatility of 8.7777 RUB. From a start-to-finish perspective, comparing the January average rate of 19.8605 to the December average rate of 24.3434, the exchange rate registered a net change of 22.57% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.5638 was down 31.90% compared to the 2022 peak of 40.4727, 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 RUB 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 21.8713, compared to 25.5148 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.6435 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 2.8393 RUB (High: 25.2347 / Low: 22.3954). On the other end, March was the most stable month, with a tight range of 0.8659 RUB (High: 22.1545 / Low: 21.2886).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 2.0452 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 26.1911) against the same month in 2022 (average: 17.5612), the exchange rate shifted by +8.6299 (+49.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.9238 | 18.7861 | 19.8605 |
| February | 21.5952 | 19.8439 | 20.8344 |
| March | 22.1545 | 21.2886 | 21.6784 |
| April | 23.3052 | 22.0244 | 22.9708 |
| May | 22.9254 | 21.5896 | 22.4098 |
| June | 25.2347 | 22.3954 | 23.4738 |
| July | 26.1534 | 24.8728 | 25.3735 |
| August | 27.5193 | 25.7462 | 26.4916 |
| September | 27.3720 | 25.9277 | 26.5436 |
| October | 27.5638 | 24.8342 | 26.1911 |
| November | 24.9359 | 23.3537 | 24.1459 |
| December | 24.9032 | 23.6033 | 24.3434 |