2020 PGK to NIO Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 PGK to NIO Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the PGK to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 9, valuing the pair at 10.1767. Conversely, the yearly low was recorded on May 21, dropping to 9.6106.
This high-to-low spread represents a total annual volatility of 0.5662 NIO. From a start-to-finish perspective, comparing the January average rate of 9.9762 to the December average rate of 9.9139, the exchange rate registered a net change of -0.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 10.1767 was down 15.16% compared to the 2019 peak of 11.9957, 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 NIO 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 9.9111, compared to 9.9272 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0161 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was May, with a trading range of 0.4477 NIO (High: 10.0582 / Low: 9.6106). On the other end, December was the most stable month, with a tight range of 0.0836 NIO (High: 9.9369 / Low: 9.8534).
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 February and March, when the average rate fell by 0.0821 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2020: 9.9912) against the same month in 2019 (average: 9.7234), the exchange rate shifted by +0.2678 (+2.75%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.1257 | 9.7731 | 9.9762 |
| February | 10.1767 | 9.7730 | 9.9912 |
| March | 10.0514 | 9.7391 | 9.9090 |
| April | 10.0582 | 9.7566 | 9.8960 |
| May | 10.0582 | 9.6106 | 9.8145 |
| June | 10.0080 | 9.7484 | 9.8797 |
| July | 10.1096 | 9.7756 | 9.9657 |
| August | 10.0206 | 9.7881 | 9.9053 |
| September | 10.0684 | 9.8290 | 9.9519 |
| October | 9.9598 | 9.7888 | 9.9114 |
| November | 10.0770 | 9.8016 | 9.9150 |
| December | 9.9369 | 9.8534 | 9.9139 |