2018 PGK to MRO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to MRO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to MRO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 111.4241. Conversely, the yearly low was recorded on October 8, dropping to 61.9310.
This high-to-low spread represents a total annual volatility of 49.4931 MRO. From a start-to-finish perspective, comparing the January average rate of 110.1224 to the December average rate of 106.0423, the exchange rate registered a net change of -3.71% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 111.4241 was down 3.43% compared to the 2017 peak of 115.3836, 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 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 109.6895, compared to 106.6054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0841 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was October, with a trading range of 45.1009 MRO (High: 107.0320 / Low: 61.9310). On the other end, August was the most stable month, with a tight range of 0.8569 MRO (High: 108.2398 / Low: 107.3829).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2018. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 3.7858 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 110.4803) against the same month in 2017 (average: 113.5478), the exchange rate shifted by -3.0675 (-2.70%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.7477 | 108.8094 | 110.1224 |
| February | 111.4241 | 109.4696 | 110.4803 |
| March | 111.4241 | 109.2908 | 110.3266 |
| April | 110.3534 | 108.4017 | 109.5215 |
| May | 109.4711 | 108.1122 | 108.9582 |
| June | 109.3892 | 107.3259 | 108.7282 |
| July | 108.8187 | 107.9155 | 108.3049 |
| August | 108.2398 | 107.3829 | 107.7671 |
| September | 108.2107 | 107.1152 | 107.4838 |
| October | 107.0320 | 61.9310 | 103.6979 |
| November | 107.1539 | 105.9112 | 106.3364 |
| December | 106.5990 | 105.2476 | 106.0423 |