2017 PGK to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 PGK to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the PGK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 21, valuing the pair at 2.7387. Conversely, the yearly low was recorded on September 8, dropping to 2.4152.
This high-to-low spread represents a total annual volatility of 0.3236 NOK. From a start-to-finish perspective, comparing the January average rate of 2.6648 to the December average rate of 2.5835, the exchange rate registered a net change of -3.05% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2017 high of 2.7387 was down 8.02% compared to the 2016 peak of 2.9776, 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 NOK 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 2.6634, compared to 2.5215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1419 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 0.1546 NOK (High: 2.6524 / Low: 2.4977). On the other end, December was the most stable month, with a tight range of 0.0667 NOK (High: 2.6205 / Low: 2.5537).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.0876 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2017: 2.6722) against the same month in 2016 (average: 2.6355), the exchange rate shifted by +0.0368 (+1.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2.7239 | 2.6044 | 2.6648 |
| February | 2.6654 | 2.5827 | 2.6346 |
| March | 2.7301 | 2.6363 | 2.6826 |
| April | 2.7387 | 2.6109 | 2.6722 |
| May | 2.7290 | 2.6008 | 2.6722 |
| June | 2.6913 | 2.5622 | 2.6542 |
| July | 2.6524 | 2.4977 | 2.5676 |
| August | 2.5191 | 2.4165 | 2.4800 |
| September | 2.4829 | 2.4152 | 2.4461 |
| October | 2.5503 | 2.4640 | 2.5006 |
| November | 2.6025 | 2.5262 | 2.5513 |
| December | 2.6205 | 2.5537 | 2.5835 |