2023 PGK to TOP Historical Review

YEARLY HIGH

0.6792 TOP

YEARLY LOW

0.6164 TOP

YEARLY AVERAGE

0.6561 TOP

2023 PGK to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.6792. Conversely, the yearly low was recorded on December 30, dropping to 0.6164.

This high-to-low spread represents a total annual volatility of 0.0628 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6613 to the December average rate of 0.6282, the exchange rate registered a net change of -5.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6792 was down 2.99% compared to the 2022 peak of 0.7001, 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 3,396 TOP

2022 Average 3,304 TOP

Yearly Trough Low 3,082 TOP

Transaction Impact: A difference of 314.15 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6739

0.6240

JanuMarcMayJulySeptNove

PGK to TOP 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 0.6654, compared to 0.6469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0184 points.

H1 Avg (Jan–Jun) 0.6654

H2 Avg (Jul–Dec) 0.6469

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0313 TOP (High: 0.6791 / Low: 0.6479). On the other end, January was the most stable month, with a tight range of 0.0128 TOP (High: 0.6683 / Low: 0.6555).

August Spread (Volatile) ±0.0313

January Spread (Stable) ±0.0128

Growth Streaks & Declines

Trends

Between January and March, 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 October and November, when the average rate fell by 0.0115 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.6697) against the same month in 2022 (average: 0.6430), the exchange rate shifted by +0.0267 (+4.15%).

2023 Avg (March) 0.6697

2022 Avg (March) 0.6430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6683	0.6555	0.6613
February	0.6701	0.6511	0.6623
March	0.6792	0.6585	0.6697
April	0.6776	0.6583	0.6674
May	0.6765	0.6618	0.6678
June	0.6765	0.6542	0.6637
July	0.6730	0.6428	0.6576
August	0.6791	0.6479	0.6575
September	0.6715	0.6474	0.6561
October	0.6563	0.6385	0.6468
November	0.6477	0.6241	0.6353
December	0.6347	0.6164	0.6282