2018 PGK to CVE Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to CVE Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 29.4284. Conversely, the yearly low was recorded on February 19, dropping to 27.3797.
This high-to-low spread represents a total annual volatility of 2.0486 CVE. From a start-to-finish perspective, comparing the January average rate of 28.1757 to the December average rate of 28.8621, the exchange rate registered a net change of 2.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 29.4284 was down 12.22% compared to the 2017 peak of 33.5235, 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 2018.
PGK to CVE 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 28.2049, compared to 28.8000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5951 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was January, with a trading range of 1.2341 CVE (High: 28.7225 / Low: 27.4884). On the other end, November was the most stable month, with a tight range of 0.5280 CVE (High: 29.1878 / Low: 28.6598).
Growth Streaks & Declines
TrendsBetween April and June, 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 0.4108 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2018: 28.9442) against the same month in 2017 (average: 29.4192), the exchange rate shifted by -0.4750 (-1.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 28.7225 | 27.4884 | 28.1757 |
| February | 28.4038 | 27.3797 | 27.8666 |
| March | 28.1429 | 27.4821 | 27.8361 |
| April | 28.1109 | 27.4911 | 27.7889 |
| May | 29.2243 | 28.0649 | 28.6070 |
| June | 29.3036 | 28.5365 | 28.9553 |
| July | 29.0895 | 28.4894 | 28.7694 |
| August | 29.4284 | 28.5227 | 28.9442 |
| September | 28.7686 | 28.2236 | 28.5334 |
| October | 29.1738 | 28.4093 | 28.7471 |
| November | 29.1878 | 28.6598 | 28.9437 |
| December | 29.2082 | 28.4769 | 28.8621 |