2018 PGK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 112.9890. Conversely, the yearly low was recorded on November 22, dropping to 107.0293.
This high-to-low spread represents a total annual volatility of 5.9597 NGN. From a start-to-finish perspective, comparing the January average rate of 111.7529 to the December average rate of 108.1256, the exchange rate registered a net change of -3.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2018 high of 112.9890 was down 2.00% compared to the 2017 peak of 115.2921, 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 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 111.1332, compared to 108.7668 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3664 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was June, with a trading range of 2.3221 NGN (High: 111.0047 / Low: 108.6825). On the other end, October was the most stable month, with a tight range of 0.8508 NGN (High: 108.9493 / Low: 108.0985).
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 March and April, when the average rate fell by 0.8612 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2018: 112.0637) against the same month in 2017 (average: 99.7077), the exchange rate shifted by +12.3560 (+12.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.4902 | 111.1091 | 111.7529 |
| February | 112.9890 | 111.1285 | 112.0637 |
| March | 112.8326 | 110.6332 | 111.7190 |
| April | 111.5933 | 110.3699 | 110.8578 |
| May | 110.8117 | 109.5184 | 110.3108 |
| June | 111.0047 | 108.6825 | 110.0950 |
| July | 110.1636 | 109.2210 | 109.6927 |
| August | 109.8172 | 108.7012 | 109.1007 |
| September | 109.7770 | 108.1216 | 108.9632 |
| October | 108.9493 | 108.0985 | 108.4583 |
| November | 109.0521 | 107.0293 | 108.2602 |
| December | 108.4948 | 107.3113 | 108.1256 |