YEARLY HIGH
0.0395 PGK
YEARLY LOW
0.0357 PGK
YEARLY AVERAGE
0.0377 PGK

2021 CVE to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0395. Conversely, the yearly low was recorded on December 15, dropping to 0.0357.

This high-to-low spread represents a total annual volatility of 0.0038 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0388 to the December average rate of 0.0360, the exchange rate registered a net change of -7.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.0395 was up 0.98% compared to the 2020 peak of 0.0391, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 197 PGK
2020 Average 179 PGK
Yearly Trough Low 178 PGK
Transaction Impact: A difference of 18.90 PGK purely based on transaction execution date.

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0.0391
0.0357
JanuMarcMayJulySeptNove

CVE 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 0.0384, compared to 0.0370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0384
H2 Avg (Jul–Dec) 0.0370

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0021 PGK (High: 0.0393 / Low: 0.0371). On the other end, October was the most stable month, with a tight range of 0.0005 PGK (High: 0.0372 / Low: 0.0367).

June Spread (Volatile) Âą0.0021
October Spread (Stable) Âą0.0005

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 0.0388) against the same month in 2020 (average: 0.0341), the exchange rate shifted by +0.0047 (+13.73%).

2021 Avg (January) 0.0388
2020 Avg (January) 0.0341

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Month High Low Average
January 0.0395 0.0385 0.0388
February 0.0390 0.0380 0.0386
March 0.0385 0.0373 0.0379
April 0.0386 0.0376 0.0382
May 0.0392 0.0382 0.0387
June 0.0393 0.0371 0.0383
July 0.0381 0.0371 0.0375
August 0.0380 0.0373 0.0377
September 0.0382 0.0369 0.0375
October 0.0372 0.0367 0.0370
November 0.0369 0.0359 0.0364
December 0.0363 0.0357 0.0360