2018 PGK to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 2818.4664. Conversely, the yearly low was recorded on August 18, dropping to 2693.5367.
This high-to-low spread represents a total annual volatility of 124.9296 GNF. From a start-to-finish perspective, comparing the January average rate of 2795.2490 to the December average rate of 2719.3656, the exchange rate registered a net change of -2.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 2818.4664 was down 5.81% compared to the 2017 peak of 2992.3784, 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 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 2781.7153, compared to 2726.5208 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 55.1945 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 65.3980 GNF (High: 2758.9347 / Low: 2693.5367). On the other end, September was the most stable month, with a tight range of 25.0247 GNF (High: 2745.1128 / Low: 2720.0881).
Growth Streaks & Declines
TrendsBetween October and December, 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 July and August, when the average rate fell by 18.5155 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 2800.1035) against the same month in 2017 (average: 2965.5258), the exchange rate shifted by -165.4223 (-5.58%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2811.0851 | 2772.9383 | 2795.2490 |
| February | 2818.4664 | 2782.4307 | 2800.1035 |
| March | 2818.4664 | 2770.2902 | 2794.2539 |
| April | 2793.5035 | 2758.0289 | 2778.8248 |
| May | 2773.7136 | 2741.2929 | 2761.4254 |
| June | 2778.9608 | 2725.3542 | 2760.4355 |
| July | 2771.0787 | 2743.4326 | 2752.6862 |
| August | 2758.9347 | 2693.5367 | 2734.1707 |
| September | 2745.1128 | 2720.0881 | 2728.2824 |
| October | 2734.0824 | 2694.2564 | 2711.1230 |
| November | 2740.2985 | 2695.3341 | 2713.4970 |
| December | 2745.5957 | 2698.8319 | 2719.3656 |