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2014 PGK to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the PGK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 23.8406. Conversely, the yearly low was recorded on June 1, dropping to 19.8302.
This high-to-low spread represents a total annual volatility of 4.0105 AFN. From a start-to-finish perspective, comparing the January average rate of 22.5081 to the December average rate of 22.4766, the exchange rate registered a net change of -0.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 23.8406 was down 8.91% compared to the 2013 peak of 26.1715, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
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PGK to AFN 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: JanâJun) was 21.6012, compared to 22.8303 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.2292 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was June, with a trading range of 4.0105 AFN (High: 23.8406 / Low: 19.8302). On the other end, November was the most stable month, with a tight range of 0.2943 AFN (High: 22.8123 / Low: 22.5179).
Growth Streaks & Declines
TrendsBetween May and July, 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 March and April, when the average rate fell by 1.1114 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2014: 22.2394) against the same month in 2013 (average: 24.5557), the exchange rate shifted by -2.3163 (-9.43%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 22.8924 | 22.2947 | 22.5081 |
| February | 22.5057 | 21.7996 | 22.2331 |
| March | 22.6259 | 20.9379 | 21.7727 |
| April | 21.5158 | 20.2332 | 20.6613 |
| May | 20.4628 | 19.8431 | 20.1923 |
| June | 23.8406 | 19.8302 | 22.2394 |
| July | 23.6716 | 22.9308 | 23.2928 |
| August | 23.2293 | 22.7001 | 22.8516 |
| September | 23.1179 | 22.5871 | 22.8796 |
| October | 22.9755 | 22.6447 | 22.8384 |
| November | 22.8123 | 22.5179 | 22.6431 |
| December | 22.8672 | 22.3579 | 22.4766 |