2016 PGK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 PGK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PGK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 26, valuing the pair at 538.3187. Conversely, the yearly low was recorded on June 7, dropping to 489.7064.
This high-to-low spread represents a total annual volatility of 48.6123 BIF. From a start-to-finish perspective, comparing the January average rate of 517.9210 to the December average rate of 527.8960, the exchange rate registered a net change of 1.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 538.3187 was down 11.62% compared to the 2015 peak of 609.1250, 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 2016.
PGK to BIF 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 506.7690, compared to 525.7874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.0185 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was June, with a trading range of 48.6123 BIF (High: 538.3187 / Low: 489.7064). On the other end, November was the most stable month, with a tight range of 6.3355 BIF (High: 529.6692 / Low: 523.3337).
Growth Streaks & Declines
TrendsBetween May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 11.8446 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2016: 508.4116) against the same month in 2015 (average: 573.7430), the exchange rate shifted by -65.3315 (-11.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 522.5623 | 513.4672 | 517.9210 |
| February | 516.5417 | 508.1844 | 513.1491 |
| March | 517.4664 | 504.6358 | 509.5592 |
| April | 505.2910 | 491.7738 | 497.7146 |
| May | 499.8227 | 490.1973 | 493.8583 |
| June | 538.3187 | 489.7064 | 508.4116 |
| July | 527.3253 | 520.6654 | 523.9265 |
| August | 528.8398 | 521.5411 | 524.8327 |
| September | 529.9796 | 520.9529 | 525.0007 |
| October | 527.6193 | 521.0330 | 525.9493 |
| November | 529.6692 | 523.3337 | 527.1196 |
| December | 532.2599 | 522.6985 | 527.8960 |