2016 PGK to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2016.
2016 PGK to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the PGK to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on January 13, valuing the pair at 114.6266. Conversely, the yearly low was recorded on January 6, dropping to 102.7362.
This high-to-low spread represents a total annual volatility of 11.8904 MRO. From a start-to-finish perspective, comparing the January average rate of 110.9796 to the December average rate of 112.8351, the exchange rate registered a net change of 1.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 114.6266 was down 4.22% compared to the 2015 peak of 119.6806, 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 2016.
PGK to MRO 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 111.7361, compared to 112.4534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7173 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 11.8904 MRO (High: 114.6266 / Low: 102.7362). On the other end, August was the most stable month, with a tight range of 0.9971 MRO (High: 112.7664 / Low: 111.7693).
Growth Streaks & Declines
TrendsBetween July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.4763 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2016: 110.9796) against the same month in 2015 (average: 112.0360), the exchange rate shifted by -1.0564 (-0.94%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 114.6266 | 102.7362 | 110.9796 |
| February | 113.7834 | 108.5769 | 112.4536 |
| March | 113.5195 | 111.0464 | 112.1906 |
| April | 111.5797 | 109.8981 | 110.7144 |
| May | 113.8444 | 108.8050 | 111.4095 |
| June | 113.9841 | 112.0441 | 112.6689 |
| July | 113.1977 | 111.4416 | 112.2051 |
| August | 112.7664 | 111.7693 | 112.2203 |
| September | 112.9159 | 111.5188 | 112.2521 |
| October | 113.0126 | 111.5625 | 112.4927 |
| November | 113.0945 | 111.9963 | 112.7150 |
| December | 113.4158 | 111.4895 | 112.8351 |