2017 PGK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 2992.3784. Conversely, the yearly low was recorded on June 17, dropping to 2724.2323.
This high-to-low spread represents a total annual volatility of 268.1461 GNF. From a start-to-finish perspective, comparing the January average rate of 2948.6037 to the December average rate of 2803.3254, the exchange rate registered a net change of -4.93% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 2992.3784 was up 0.20% compared to the 2016 peak of 2986.4874, 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 GNF 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 2911.1229, compared to 2811.3456 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 99.7774 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was June, with a trading range of 165.2425 GNF (High: 2889.4747 / Low: 2724.2323). On the other end, October was the most stable month, with a tight range of 29.3893 GNF (High: 2820.1612 / Low: 2790.7719).
Growth Streaks & Declines
TrendsBetween September and November, 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 March and April, when the average rate fell by 59.2412 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2017: 2965.5258) against the same month in 2016 (average: 2532.7927), the exchange rate shifted by +432.7331 (+17.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2987.9503 | 2889.5252 | 2948.6037 |
| February | 2992.3784 | 2904.1199 | 2965.5258 |
| March | 2965.9800 | 2874.8829 | 2942.3255 |
| April | 2937.6907 | 2784.2019 | 2883.0843 |
| May | 2932.2425 | 2776.5100 | 2881.5107 |
| June | 2889.4747 | 2724.2323 | 2845.6877 |
| July | 2868.2392 | 2737.6426 | 2836.2486 |
| August | 2844.0915 | 2751.7244 | 2808.4206 |
| September | 2826.4137 | 2766.6141 | 2800.8754 |
| October | 2820.1612 | 2790.7719 | 2807.8859 |
| November | 2823.1832 | 2793.3342 | 2811.3177 |
| December | 2821.0103 | 2786.9127 | 2803.3254 |