2018 PGK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 29, valuing the pair at 13338.9699. Conversely, the yearly low was recorded on January 3, dropping to 11010.5440.
This high-to-low spread represents a total annual volatility of 2328.4258 IRR. From a start-to-finish perspective, comparing the January average rate of 11184.5643 to the December average rate of 12551.4440, the exchange rate registered a net change of 12.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 13338.9699 was up 20.26% compared to the 2017 peak of 11091.5236, 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 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 11877.7596, compared to 12858.2365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 980.4769 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was May, with a trading range of 1441.5572 IRR (High: 12920.3595 / Low: 11478.8022). On the other end, September was the most stable month, with a tight range of 126.6353 IRR (High: 13092.3081 / Low: 12965.6728).
Growth Streaks & Declines
TrendsBetween April and July, 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 September and October, when the average rate fell by 297.3354 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2018: 13164.1814) against the same month in 2017 (average: 10266.6296), the exchange rate shifted by +2897.5519 (+28.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 11504.3858 | 11010.5440 | 11184.5643 |
| February | 11670.4176 | 11425.1296 | 11522.0342 |
| March | 11722.7843 | 11534.3303 | 11631.6498 |
| April | 11673.8597 | 11488.6648 | 11556.0526 |
| May | 12920.3595 | 11478.8022 | 12427.1643 |
| June | 13013.9183 | 12714.8402 | 12945.0922 |
| July | 13338.9699 | 12968.0059 | 13164.1814 |
| August | 13331.4884 | 13001.8956 | 13092.5956 |
| September | 13092.3081 | 12965.6728 | 12990.3976 |
| October | 12926.6389 | 12652.5816 | 12693.0621 |
| November | 12751.2053 | 12605.6530 | 12657.7379 |
| December | 12665.9310 | 12413.0307 | 12551.4440 |