2019 PGK to HNL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 PGK to HNL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the PGK to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 8.7516. Conversely, the yearly low was recorded on December 9, dropping to 4.3363.
This high-to-low spread represents a total annual volatility of 4.4153 HNL. From a start-to-finish perspective, comparing the January average rate of 7.2633 to the December average rate of 7.1586, the exchange rate registered a net change of -1.44% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 8.7516 was up 18.34% compared to the 2018 peak of 7.3952, 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 HNL 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 7.2681, compared to 7.2462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0219 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was December, with a trading range of 2.9779 HNL (High: 7.3142 / Low: 4.3363). On the other end, March was the most stable month, with a tight range of 0.0631 HNL (High: 7.3023 / Low: 7.2392).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1352 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2019: 7.2939) against the same month in 2018 (average: 7.2301), the exchange rate shifted by +0.0637 (+0.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.2987 | 7.2344 | 7.2633 |
| February | 7.3214 | 7.2442 | 7.2778 |
| March | 7.3023 | 7.2392 | 7.2677 |
| April | 7.3095 | 7.2292 | 7.2691 |
| May | 7.3341 | 6.9785 | 7.2224 |
| June | 7.4290 | 7.2303 | 7.3083 |
| July | 7.3279 | 7.2013 | 7.2718 |
| August | 7.3126 | 7.1519 | 7.2344 |
| September | 7.3106 | 7.1740 | 7.2442 |
| October | 7.3154 | 7.2164 | 7.2744 |
| November | 8.7516 | 7.1451 | 7.2939 |
| December | 7.3142 | 4.3363 | 7.1586 |