2022 PGK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 PGK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the PGK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 589.6183. Conversely, the yearly low was recorded on January 31, dropping to 563.2586.
This high-to-low spread represents a total annual volatility of 26.3597 BIF. From a start-to-finish perspective, comparing the January average rate of 568.2822 to the December average rate of 586.1966, the exchange rate registered a net change of 3.15% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2022 high of 589.6183 was up 3.43% compared to the 2021 peak of 570.0855, 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 2022.
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 574.1818, compared to 583.7129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.5310 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 18.4858 BIF (High: 583.0450 / Low: 564.5592). On the other end, October was the most stable month, with a tight range of 4.8090 BIF (High: 586.3693 / Low: 581.5603).
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 April and May, when the average rate fell by 0.7107 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2022: 586.1966) against the same month in 2021 (average: 565.9470), the exchange rate shifted by +20.2496 (+3.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 574.7863 | 563.2586 | 568.2822 |
| February | 573.8265 | 564.1656 | 570.3357 |
| March | 583.0450 | 564.5592 | 574.9715 |
| April | 582.6539 | 571.0405 | 577.4326 |
| May | 580.7956 | 570.5174 | 576.7220 |
| June | 583.5598 | 573.5968 | 577.3471 |
| July | 584.6061 | 576.7401 | 579.6238 |
| August | 585.2265 | 580.1136 | 583.4014 |
| September | 589.5577 | 579.0880 | 583.6144 |
| October | 586.3693 | 581.5603 | 584.2538 |
| November | 587.4591 | 582.6116 | 585.1872 |
| December | 589.6183 | 580.4101 | 586.1966 |