2017 PGK to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 21.7812. Conversely, the yearly low was recorded on April 7, dropping to 20.5062.
This high-to-low spread represents a total annual volatility of 1.2750 AFN. From a start-to-finish perspective, comparing the January average rate of 21.0105 to the December average rate of 21.5201, the exchange rate registered a net change of 2.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 21.7812 was down 4.94% compared to the 2016 peak of 22.9125, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
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: Jan–Jun) was 21.1476, compared to 21.4498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3022 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 0.9964 AFN (High: 21.7812 / Low: 20.7848). On the other end, November was the most stable month, with a tight range of 0.2216 AFN (High: 21.5316 / Low: 21.3100).
Growth Streaks & Declines
TrendsBetween June and August, 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 August and September, when the average rate fell by 0.1051 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2017: 21.4884) against the same month in 2016 (average: 21.7103), the exchange rate shifted by -0.2219 (-1.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.1229 | 20.8040 | 21.0105 |
| February | 21.3650 | 20.9223 | 21.1312 |
| March | 21.2750 | 20.7974 | 21.0363 |
| April | 21.3201 | 20.5062 | 20.9677 |
| May | 21.5378 | 20.6922 | 21.3739 |
| June | 21.5745 | 20.6902 | 21.3659 |
| July | 21.7812 | 20.7848 | 21.4884 |
| August | 21.7488 | 21.0841 | 21.5192 |
| September | 21.5205 | 21.1890 | 21.4140 |
| October | 21.4846 | 21.2599 | 21.3525 |
| November | 21.5316 | 21.3100 | 21.4044 |
| December | 21.6702 | 21.2723 | 21.5201 |