2023 PGK to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 723.0735. Conversely, the yearly low was recorded on November 24, dropping to 663.1554.
This high-to-low spread represents a total annual volatility of 59.9181 SYP. From a start-to-finish perspective, comparing the January average rate of 713.1908 to the December average rate of 671.6686, the exchange rate registered a net change of -5.82% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 723.0735 was up 0.21% compared to the 2022 peak of 721.5761, 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 SYP 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 711.5934, compared to 684.4770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 27.1164 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 27.7341 SYP (High: 713.7869 / Low: 686.0529). On the other end, January was the most stable month, with a tight range of 2.9966 SYP (High: 715.4679 / Low: 712.4713).
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 11.5350 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 713.4117) against the same month in 2022 (average: 713.4254), the exchange rate shifted by -0.0137 (-0.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 715.4679 | 712.4713 | 713.1908 |
| February | 713.7869 | 703.4687 | 711.9712 |
| March | 723.0735 | 703.8152 | 713.4117 |
| April | 720.3387 | 703.6380 | 712.5424 |
| May | 714.0107 | 699.0180 | 711.3128 |
| June | 713.7869 | 696.3993 | 707.1314 |
| July | 713.7869 | 694.4076 | 703.5936 |
| August | 713.7869 | 686.0529 | 694.5815 |
| September | 703.5436 | 681.2194 | 689.4204 |
| October | 687.1383 | 666.9588 | 677.8853 |
| November | 678.8457 | 663.1554 | 669.7127 |
| December | 676.0474 | 664.4706 | 671.6686 |