2020 PGK to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PGK to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PGK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 7, valuing the pair at 19011.9680. Conversely, the yearly low was recorded on October 29, dropping to 11847.5511.
This high-to-low spread represents a total annual volatility of 7164.4169 IRR. From a start-to-finish perspective, comparing the January average rate of 12373.8858 to the December average rate of 11974.3479, the exchange rate registered a net change of -3.23% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 19011.9680 was up 26.97% compared to the 2019 peak of 14973.8984, 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 2020.
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 12264.7369, compared to 12059.8424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 204.8945 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was July, with a trading range of 7048.1926 IRR (High: 19011.9680 / Low: 11963.7754). On the other end, December was the most stable month, with a tight range of 99.1987 IRR (High: 11995.7265 / Low: 11896.5278).
Growth Streaks & Declines
TrendsBetween May and July, 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 360.5629 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2020: 12357.0897) against the same month in 2019 (average: 12433.3135), the exchange rate shifted by -76.2238 (-0.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 12467.6805 | 12227.2962 | 12373.8858 |
| February | 12636.7973 | 12197.7292 | 12376.0584 |
| March | 12386.0367 | 12083.0307 | 12288.4087 |
| April | 12329.4290 | 12090.6259 | 12218.7419 |
| May | 12304.0801 | 11995.7265 | 12155.8914 |
| June | 12222.0610 | 12076.0858 | 12175.4353 |
| July | 19011.9680 | 11963.7754 | 12357.0897 |
| August | 12160.2958 | 11918.2005 | 11996.5268 |
| September | 12257.6419 | 11885.4425 | 12054.2863 |
| October | 12047.9652 | 11847.5511 | 12006.8954 |
| November | 12022.5165 | 11865.6430 | 11969.9085 |
| December | 11995.7265 | 11896.5278 | 11974.3479 |