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2020 PGK to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PGK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 42.8306. Conversely, the yearly low was recorded on January 1, dropping to 35.3172.
This high-to-low spread represents a total annual volatility of 7.5134 ISK. From a start-to-finish perspective, comparing the January average rate of 36.2869 to the December average rate of 36.2262, the exchange rate registered a net change of -0.17% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 42.8306 was down 2.12% compared to the 2019 peak of 43.7604, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
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PGK to ISK 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 39.2218, compared to 38.8251 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.3967 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 4.3545 ISK (High: 41.4273 / Low: 37.0728). On the other end, October was the most stable month, with a tight range of 1.0481 ISK (High: 40.2167 / Low: 39.1686).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 2.5929 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 41.9086) against the same month in 2019 (average: 35.7098), the exchange rate shifted by +6.1988 (+17.36%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 36.8669 | 35.3172 | 36.2869 |
| February | 37.7635 | 36.0145 | 37.1844 |
| March | 41.4273 | 37.0728 | 39.3201 |
| April | 42.8306 | 41.0018 | 41.9086 |
| May | 42.7657 | 39.3746 | 41.3839 |
| June | 40.3895 | 38.0194 | 39.2468 |
| July | 40.6962 | 38.4557 | 39.8657 |
| August | 39.5413 | 38.3585 | 38.9459 |
| September | 40.2917 | 38.6230 | 39.4481 |
| October | 40.2167 | 39.1686 | 39.6457 |
| November | 40.2705 | 37.7585 | 38.8191 |
| December | 37.1878 | 35.5859 | 36.2262 |