2019 PGK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2019.
2019 PGK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the PGK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 128.6934. Conversely, the yearly low was recorded on August 27, dropping to 89.6794.
This high-to-low spread represents a total annual volatility of 39.0140 NGN. From a start-to-finish perspective, comparing the January average rate of 108.0361 to the December average rate of 106.3836, the exchange rate registered a net change of -1.53% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 128.6934 was up 13.90% compared to the 2018 peak of 112.9890, 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 2019.
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 106.4277, compared to 106.4343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was November, with a trading range of 23.8028 NGN (High: 128.6934 / Low: 104.8906). On the other end, February was the most stable month, with a tight range of 0.6675 NGN (High: 107.7425 / Low: 107.0751).
Growth Streaks & Declines
TrendsBetween August and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 3.8953 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2019: 107.0411) against the same month in 2018 (average: 108.2602), the exchange rate shifted by -1.2191 (-1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109.0361 | 107.3271 | 108.0361 |
| February | 107.7425 | 107.0751 | 107.4039 |
| March | 107.5269 | 106.2916 | 106.7457 |
| April | 107.2917 | 106.4947 | 106.7333 |
| May | 107.3487 | 106.3662 | 106.7712 |
| June | 107.0704 | 90.4319 | 102.8760 |
| July | 106.8249 | 106.0383 | 106.4387 |
| August | 108.3978 | 89.6794 | 105.7290 |
| September | 107.2485 | 105.1280 | 106.4134 |
| October | 106.9709 | 105.7212 | 106.5999 |
| November | 128.6934 | 104.8906 | 107.0411 |
| December | 106.9322 | 105.1378 | 106.3836 |