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2021 PGK to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PGK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 33.5919. Conversely, the yearly low was recorded on February 20, dropping to 21.6728.
This high-to-low spread represents a total annual volatility of 11.9191 AFN. From a start-to-finish perspective, comparing the January average rate of 21.8864 to the December average rate of 28.8747, the exchange rate registered a net change of 31.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 33.5919 was up 45.74% compared to the 2020 peak of 23.0500, 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 22.0006, compared to 25.2753 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 3.2747 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 6.4647 AFN (High: 33.5919 / Low: 27.1272). On the other end, March was the most stable month, with a tight range of 0.2781 AFN (High: 22.1107 / Low: 21.8325).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0300 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 28.8747) against the same month in 2020 (average: 21.9176), the exchange rate shifted by +6.9572 (+31.74%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 22.2000 | 21.7058 | 21.8864 |
| February | 22.2158 | 21.6728 | 21.8564 |
| March | 22.1107 | 21.8325 | 21.9331 |
| April | 22.1841 | 21.7878 | 21.9599 |
| May | 22.3603 | 21.7918 | 22.0432 |
| June | 22.6981 | 22.1069 | 22.3244 |
| July | 23.3857 | 22.2617 | 22.7705 |
| August | 24.5363 | 22.6779 | 23.5396 |
| September | 25.2994 | 24.1165 | 24.6079 |
| October | 25.8350 | 25.2758 | 25.5456 |
| November | 27.3224 | 25.6478 | 26.3135 |
| December | 33.5919 | 27.1272 | 28.8747 |