2017 PGK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 11091.5236. Conversely, the yearly low was recorded on January 6, dropping to 9420.0064.
This high-to-low spread represents a total annual volatility of 1671.5172 IRR. From a start-to-finish perspective, comparing the January average rate of 9982.9160 to the December average rate of 10957.7003, the exchange rate registered a net change of 9.76% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 11091.5236 was up 10.92% compared to the 2016 peak of 9999.6668, 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 IRR 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 10156.2370, compared to 10564.0230 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 407.7860 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was January, with a trading range of 835.2276 IRR (High: 10255.2340 / Low: 9420.0064). On the other end, November was the most stable month, with a tight range of 167.3863 IRR (High: 10892.4087 / Low: 10725.0224).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 139.1331 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2017: 10957.7003) against the same month in 2016 (average: 9475.8611), the exchange rate shifted by +1481.8392 (+15.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10255.2340 | 9420.0064 | 9982.9160 |
| February | 10350.6287 | 10151.8350 | 10247.7899 |
| March | 10338.8992 | 10081.4839 | 10228.3671 |
| April | 10267.2676 | 9862.8002 | 10089.2340 |
| May | 10279.2099 | 9876.5233 | 10203.2422 |
| June | 10297.4037 | 9864.2816 | 10185.8727 |
| July | 10399.8438 | 9900.7923 | 10266.6296 |
| August | 10444.4461 | 10084.3773 | 10328.9518 |
| September | 10476.9797 | 10284.9857 | 10404.5307 |
| October | 10769.9345 | 10417.3375 | 10608.6872 |
| November | 10892.4087 | 10725.0224 | 10817.6385 |
| December | 11091.5236 | 10767.3022 | 10957.7003 |