2020 PGK to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PGK to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PGK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 113.9116. Conversely, the yearly low was recorded on March 11, dropping to 105.1342.
This high-to-low spread represents a total annual volatility of 8.7774 NGN. From a start-to-finish perspective, comparing the January average rate of 106.4599 to the December average rate of 109.1680, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 113.9116 was down 11.49% compared to the 2019 peak of 128.6934, 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 2020.
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 109.6070, compared to 109.6638 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0568 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 8.2607 NGN (High: 113.3948 / Low: 105.1342). On the other end, June was the most stable month, with a tight range of 1.4288 NGN (High: 112.4819 / Low: 111.0530).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.9412 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2020: 111.6953) against the same month in 2019 (average: 106.7333), the exchange rate shifted by +4.9619 (+4.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 107.2485 | 105.1368 | 106.4599 |
| February | 109.3568 | 105.3790 | 106.9917 |
| March | 113.3948 | 105.1342 | 108.1670 |
| April | 113.9116 | 106.0240 | 111.6953 |
| May | 113.7026 | 110.7951 | 112.3147 |
| June | 112.4819 | 111.0530 | 112.0135 |
| July | 113.2213 | 110.3477 | 111.6935 |
| August | 111.5460 | 107.9623 | 109.7523 |
| September | 111.7732 | 107.8134 | 109.8413 |
| October | 110.1822 | 107.2062 | 108.9440 |
| November | 109.5464 | 107.1400 | 108.5838 |
| December | 112.4207 | 107.9685 | 109.1680 |