2017 PGK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 552.9646. Conversely, the yearly low was recorded on May 10, dropping to 515.8987.
This high-to-low spread represents a total annual volatility of 37.0659 BIF. From a start-to-finish perspective, comparing the January average rate of 528.8946 to the December average rate of 546.6862, the exchange rate registered a net change of 3.36% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 552.9646 was up 2.72% compared to the 2016 peak of 538.3187, 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 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 533.9327, compared to 546.2006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.2680 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was May, with a trading range of 28.2463 BIF (High: 544.1450 / Low: 515.8987). On the other end, November was the most stable month, with a tight range of 7.3572 BIF (High: 551.7166 / Low: 544.3594).
Growth Streaks & Declines
TrendsBetween April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 7.2564 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2017: 548.2389) against the same month in 2016 (average: 525.9493), the exchange rate shifted by +22.2896 (+4.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 536.2180 | 520.5943 | 528.8946 |
| February | 542.9277 | 530.8152 | 535.5144 |
| March | 545.0884 | 530.7113 | 534.9930 |
| April | 536.4343 | 516.0913 | 527.7366 |
| May | 544.1450 | 515.8987 | 535.4118 |
| June | 546.9487 | 524.4755 | 541.0458 |
| July | 548.3250 | 525.0190 | 543.1327 |
| August | 551.6967 | 539.2967 | 546.5279 |
| September | 547.8810 | 537.9091 | 545.2321 |
| October | 552.9646 | 545.3170 | 548.2389 |
| November | 551.7166 | 544.3594 | 547.3862 |
| December | 551.7888 | 542.8098 | 546.6862 |