2014 PGK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 PGK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the PGK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 72.0356. Conversely, the yearly low was recorded on May 5, dropping to 56.4694.
This high-to-low spread represents a total annual volatility of 15.5661 NGN. From a start-to-finish perspective, comparing the January average rate of 64.0525 to the December average rate of 70.5360, the exchange rate registered a net change of 10.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 72.0356 was down 8.83% compared to the 2013 peak of 79.0133, 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 2014.
PGK to NGN 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 61.8080, compared to 66.9198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.1117 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was June, with a trading range of 10.5345 NGN (High: 67.1830 / Low: 56.6485). On the other end, August was the most stable month, with a tight range of 0.8425 NGN (High: 66.2176 / Low: 65.3751).
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 March and April, when the average rate fell by 4.0055 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 70.5360) against the same month in 2013 (average: 63.4506), the exchange rate shifted by +7.0854 (+11.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 64.8554 | 63.6981 | 64.0525 |
| February | 64.7846 | 63.3620 | 64.2173 |
| March | 65.6227 | 60.8995 | 62.9934 |
| April | 62.1606 | 57.4761 | 58.9878 |
| May | 58.2267 | 56.4694 | 57.4441 |
| June | 67.1830 | 56.6485 | 63.1532 |
| July | 67.0861 | 66.1033 | 66.4435 |
| August | 66.2176 | 65.3751 | 65.7662 |
| September | 66.1920 | 65.3025 | 65.7573 |
| October | 66.2481 | 65.0841 | 65.6485 |
| November | 69.8255 | 65.1764 | 67.3671 |
| December | 72.0356 | 69.6142 | 70.5360 |