2023 QAR to PGK Historical Review

YEARLY HIGH

1.0407 PGK

YEARLY LOW

0.9570 PGK

YEARLY AVERAGE

0.9885 PGK

2023 QAR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 1.0407. Conversely, the yearly low was recorded on February 4, dropping to 0.9570.

This high-to-low spread represents a total annual volatility of 0.0837 PGK. From a start-to-finish perspective, comparing the January average rate of 0.9668 to the December average rate of 1.0264, the exchange rate registered a net change of 6.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0407 was up 5.42% compared to the 2022 peak of 0.9872, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 QAR based on timing:

Yearly Peak High 5,204 PGK

2022 Average 4,840 PGK

Yearly Trough Low 4,785 PGK

Transaction Impact: A difference of 418.48 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0374

0.9592

JanuMarcMayJulySeptNove

QAR to PGK 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 0.9689, compared to 1.0082 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0393 points.

H1 Avg (Jan–Jun) 0.9689

H2 Avg (Jul–Dec) 1.0082

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0381 PGK (High: 1.0048 / Low: 0.9667). On the other end, January was the most stable month, with a tight range of 0.0070 PGK (High: 0.9682 / Low: 0.9612).

August Spread (Volatile) ±0.0381

January Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

Between March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0045 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 1.0309) against the same month in 2022 (average: 0.9664), the exchange rate shifted by +0.0645 (+6.67%).

2023 Avg (November) 1.0309

2022 Avg (November) 0.9664

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9682	0.9612	0.9668
February	0.9781	0.9570	0.9677
March	0.9739	0.9596	0.9658
April	0.9794	0.9579	0.9673
May	0.9870	0.9668	0.9701
June	0.9857	0.9665	0.9756
July	0.9972	0.9668	0.9810
August	1.0048	0.9667	0.9927
September	1.0130	0.9807	1.0008
October	1.0335	1.0035	1.0175
November	1.0407	1.0180	1.0309
December	1.0372	1.0207	1.0264