2017 PGK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 115.2921. Conversely, the yearly low was recorded on March 20, dropping to 95.3677.
This high-to-low spread represents a total annual volatility of 19.9244 NGN. From a start-to-finish perspective, comparing the January average rate of 98.5701 to the December average rate of 111.8351, the exchange rate registered a net change of 13.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 115.2921 was up 4.85% compared to the 2016 peak of 109.9569, 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 2017.
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 99.1260, compared to 110.0285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.9025 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was August, with a trading range of 15.9625 NGN (High: 115.2921 / Low: 99.3296). On the other end, October was the most stable month, with a tight range of 1.1719 NGN (High: 112.8124 / Low: 111.6405).
Growth Streaks & Declines
TrendsBetween April and June, 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 1.0421 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2017: 112.2352) against the same month in 2016 (average: 101.8110), the exchange rate shifted by +10.4242 (+10.24%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 100.0063 | 95.7963 | 98.5701 |
| February | 101.4623 | 95.9386 | 99.7077 |
| March | 101.2079 | 95.3677 | 98.9930 |
| April | 99.9517 | 95.4975 | 97.9509 |
| May | 102.6327 | 96.6073 | 99.6630 |
| June | 110.3388 | 98.0474 | 99.8716 |
| July | 110.0834 | 96.4874 | 99.6837 |
| August | 115.2921 | 99.3296 | 112.2352 |
| September | 113.1562 | 109.8800 | 112.0244 |
| October | 112.8124 | 111.6405 | 112.3047 |
| November | 112.7870 | 110.4235 | 112.0878 |
| December | 112.7622 | 111.3206 | 111.8351 |