2019 PGK to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 PGK to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the PGK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 10.4659. Conversely, the yearly low was recorded on January 31, dropping to 8.3285.
This high-to-low spread represents a total annual volatility of 2.1373 ETB. From a start-to-finish perspective, comparing the January average rate of 8.4312 to the December average rate of 9.2370, the exchange rate registered a net change of 9.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2019 high of 10.4659 was up 21.26% compared to the 2018 peak of 8.6307, 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 2019.
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 8.5030, compared to 8.7629 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2599 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was November, with a trading range of 1.8338 ETB (High: 10.4659 / Low: 8.6321). On the other end, March was the most stable month, with a tight range of 0.1162 ETB (High: 8.5180 / Low: 8.4017).
Growth Streaks & Declines
TrendsBetween January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0145 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2019: 8.8404) against the same month in 2018 (average: 8.3393), the exchange rate shifted by +0.5011 (+6.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.4974 | 8.3285 | 8.4312 |
| February | 8.5119 | 8.3868 | 8.4603 |
| March | 8.5180 | 8.4017 | 8.4603 |
| April | 8.6071 | 8.4851 | 8.5352 |
| May | 8.6310 | 8.4618 | 8.5627 |
| June | 8.6281 | 8.4615 | 8.5683 |
| July | 8.6217 | 8.4342 | 8.5538 |
| August | 8.6796 | 8.5139 | 8.5899 |
| September | 8.7417 | 8.5142 | 8.6480 |
| October | 8.8064 | 8.6037 | 8.7080 |
| November | 10.4659 | 8.6321 | 8.8404 |
| December | 9.3642 | 8.9194 | 9.2370 |