2023 PGK to XAF Historical Review

YEARLY HIGH

176.9689 XAF

YEARLY LOW

156.9139 XAF

YEARLY AVERAGE

168.4127 XAF

2023 PGK to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 176.9689. Conversely, the yearly low was recorded on December 30, dropping to 156.9139.

This high-to-low spread represents a total annual volatility of 20.0550 XAF. From a start-to-finish perspective, comparing the January average rate of 172.6125 to the December average rate of 160.5461, the exchange rate registered a net change of -6.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 176.9689 was down 8.81% compared to the 2022 peak of 194.0635, 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 884,844 XAF

2022 Average 884,364 XAF

Yearly Trough Low 784,570 XAF

Transaction Impact: A difference of 100,274.76 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

175.1672

159.2169

JanuMarcMayJulySeptNove

PGK to XAF 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 171.7320, compared to 165.0935 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.6385 points.

H1 Avg (Jan–Jun) 171.7320

H2 Avg (Jul–Dec) 165.0935

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 9.4563 XAF (High: 170.7072 / Low: 161.2509). On the other end, September was the most stable month, with a tight range of 5.6656 XAF (High: 171.5846 / Low: 165.9190).

July Spread (Volatile) ±9.4563

September Spread (Stable) ±5.6656

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 5.9030 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.9030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 172.6125) against the same month in 2022 (average: 164.4566), the exchange rate shifted by +8.1559 (+4.96%).

2023 Avg (January) 172.6125

2022 Avg (January) 164.4566

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	176.9689	170.5462	172.6125
February	176.4272	169.0221	173.6911
March	176.4708	169.0683	173.8380
April	172.5919	166.2212	169.2932
May	173.6516	166.2274	170.7020
June	174.2013	167.4387	170.2549
July	170.7072	161.2509	166.1304
August	171.1294	163.6716	166.2151
September	171.5846	165.9190	168.5595
October	170.8956	164.4839	167.5065
November	166.8450	158.1655	161.6035
December	163.3075	156.9139	160.5461