2017 PGK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 8.5628. Conversely, the yearly low was recorded on April 29, dropping to 6.9949.
This high-to-low spread represents a total annual volatility of 1.5678 ETB. From a start-to-finish perspective, comparing the January average rate of 7.1034 to the December average rate of 8.5041, the exchange rate registered a net change of 19.72% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 8.5628 was up 20.80% compared to the 2016 peak of 7.0882, 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 ETB 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 7.1713, compared to 7.8499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6786 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was October, with a trading range of 1.1776 ETB (High: 8.5324 / Low: 7.3547). On the other end, November was the most stable month, with a tight range of 0.0977 ETB (High: 8.5628 / Low: 8.4650).
Growth Streaks & Declines
TrendsBetween April and November, 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 0.0626 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2017: 8.5144) against the same month in 2016 (average: 7.0355), the exchange rate shifted by +1.4789 (+21.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1658 | 7.0284 | 7.1034 |
| February | 7.2194 | 7.0561 | 7.1701 |
| March | 7.2498 | 7.0716 | 7.1697 |
| April | 7.2246 | 6.9949 | 7.1071 |
| May | 7.3381 | 7.0257 | 7.2310 |
| June | 7.3520 | 7.0747 | 7.2464 |
| July | 7.3972 | 7.1027 | 7.3143 |
| August | 7.3877 | 7.2418 | 7.3352 |
| September | 7.3955 | 7.2759 | 7.3421 |
| October | 8.5324 | 7.3547 | 8.0890 |
| November | 8.5628 | 8.4650 | 8.5144 |
| December | 8.5549 | 8.4469 | 8.5041 |