2023 PGK to SBD Historical Review

YEARLY HIGH

2.3896 SBD

YEARLY LOW

2.2219 SBD

YEARLY AVERAGE

2.3181 SBD

2023 PGK to SBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 2.3896. Conversely, the yearly low was recorded on November 13, dropping to 2.2219.

This high-to-low spread represents a total annual volatility of 0.1677 SBD. From a start-to-finish perspective, comparing the January average rate of 2.3459 to the December average rate of 2.2609, the exchange rate registered a net change of -3.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3896 was up 1.12% compared to the 2022 peak of 2.3632, 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 11,948 SBD

2022 Average 11,536 SBD

Yearly Trough Low 11,109 SBD

Transaction Impact: A difference of 838.69 SBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3682

2.2379

JanuMarcMayJulySeptNove

PGK to SBD 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 2.3451, compared to 2.2910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0541 points.

H1 Avg (Jan–Jun) 2.3451

H2 Avg (Jul–Dec) 2.2910

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0924 SBD (High: 2.3777 / Low: 2.2853). On the other end, January was the most stable month, with a tight range of 0.0325 SBD (High: 2.3633 / Low: 2.3308).

August Spread (Volatile) ±0.0924

January Spread (Stable) ±0.0325

Growth Streaks & Declines

Trends

Between February and May, 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 September and October, when the average rate fell by 0.0296 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.3517) against the same month in 2022 (average: 2.2761), the exchange rate shifted by +0.0755 (+3.32%).

2023 Avg (April) 2.3517

2022 Avg (April) 2.2761

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3633	2.3308	2.3459
February	2.3482	2.3087	2.3331
March	2.3599	2.2970	2.3367
April	2.3896	2.3151	2.3517
May	2.3676	2.3186	2.3573
June	2.3716	2.3119	2.3460
July	2.3801	2.3091	2.3426
August	2.3777	2.2853	2.3135
September	2.3628	2.2797	2.3048
October	2.3111	2.2339	2.2753
November	2.2735	2.2219	2.2488
December	2.2801	2.2288	2.2609