2023 PGK to XPF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PGK to XPF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PGK to XPF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 32.1942. Conversely, the yearly low was recorded on December 30, dropping to 28.5458.
This high-to-low spread represents a total annual volatility of 3.6484 XPF. From a start-to-finish perspective, comparing the January average rate of 31.4017 to the December average rate of 29.2065, 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 32.1942 was down 8.81% compared to the 2022 peak of 35.3041, 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 XPF 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 31.2415, compared to 30.0338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2077 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.7203 XPF (High: 31.0551 / Low: 29.3348). On the other end, September was the most stable month, with a tight range of 1.0307 XPF (High: 31.2147 / Low: 30.1840).
Growth Streaks & Declines
TrendsBetween 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 1.0739 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 31.4017) against the same month in 2022 (average: 29.9180), the exchange rate shifted by +1.4837 (+4.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.1942 | 31.0258 | 31.4017 |
| February | 32.0956 | 30.7485 | 31.5979 |
| March | 32.1036 | 30.7569 | 31.6246 |
| April | 31.3979 | 30.2390 | 30.7978 |
| May | 31.5907 | 30.2401 | 31.0541 |
| June | 31.6907 | 30.4605 | 30.9728 |
| July | 31.0551 | 29.3348 | 30.2225 |
| August | 31.1319 | 29.7752 | 30.2379 |
| September | 31.2147 | 30.1840 | 30.6644 |
| October | 31.0893 | 29.9229 | 30.4728 |
| November | 30.3524 | 28.7735 | 29.3989 |
| December | 29.7089 | 28.5458 | 29.2065 |