2019 PGK to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 PGK to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the PGK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 1328.5617. Conversely, the yearly low was recorded on December 16, dropping to 715.1221.
This high-to-low spread represents a total annual volatility of 613.4396 MGA. From a start-to-finish perspective, comparing the January average rate of 1058.0357 to the December average rate of 1057.7701, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 1328.5617 was up 21.90% compared to the 2018 peak of 1089.8990, 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 MGA 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 1064.8603, compared to 1082.6659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.8056 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was December, with a trading range of 367.2768 MGA (High: 1082.3989 / Low: 715.1221). On the other end, June was the most stable month, with a tight range of 14.8679 MGA (High: 1087.1734 / Low: 1072.3055).
Growth Streaks & Declines
TrendsBetween March and May, 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 November and December, when the average rate fell by 32.9300 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2019: 1090.7001) against the same month in 2018 (average: 1071.6119), the exchange rate shifted by +19.0882 (+1.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1083.2207 | 1034.1002 | 1058.0357 |
| February | 1075.0830 | 1028.7511 | 1050.7542 |
| March | 1061.4842 | 1034.7890 | 1049.8777 |
| April | 1083.0405 | 1055.3951 | 1070.9018 |
| May | 1090.6307 | 1070.7379 | 1080.1565 |
| June | 1087.1734 | 1072.3055 | 1079.4359 |
| July | 1085.5239 | 1064.0648 | 1073.9457 |
| August | 1097.3248 | 1078.1135 | 1086.0667 |
| September | 1112.9360 | 1085.3649 | 1101.3438 |
| October | 1101.1650 | 1075.3323 | 1086.1690 |
| November | 1328.5617 | 1057.6393 | 1090.7001 |
| December | 1082.3989 | 715.1221 | 1057.7701 |