2018 PGK to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2018.
2018 PGK to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2018
During 2018, the PGK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 4.6374. Conversely, the yearly low was recorded on February 24, dropping to 3.5554.
This high-to-low spread represents a total annual volatility of 1.0820 ZAR. From a start-to-finish perspective, comparing the January average rate of 3.7827 to the December average rate of 4.2449, the exchange rate registered a net change of 12.22% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2018 high of 4.6374 was up 2.56% compared to the 2017 peak of 4.5215, 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 ZAR 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 3.7938, compared to 4.2562 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4624 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2018 was August, with a trading range of 0.4170 ZAR (High: 4.4372 / Low: 4.0202). On the other end, March was the most stable month, with a tight range of 0.1378 ZAR (High: 3.7319 / Low: 3.5941).
Growth Streaks & Declines
TrendsBetween March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1447 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2018: 4.4351) against the same month in 2017 (average: 4.1099), the exchange rate shifted by +0.3252 (+7.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.8677 | 3.6824 | 3.7827 |
| February | 3.7914 | 3.5554 | 3.6747 |
| March | 3.7319 | 3.5941 | 3.6741 |
| April | 3.8250 | 3.6362 | 3.7285 |
| May | 3.9144 | 3.7233 | 3.8387 |
| June | 4.2202 | 3.8258 | 4.0639 |
| July | 4.2094 | 3.9842 | 4.0721 |
| August | 4.4372 | 4.0202 | 4.2468 |
| September | 4.6374 | 4.2448 | 4.4351 |
| October | 4.4262 | 4.2271 | 4.3414 |
| November | 4.3102 | 4.0740 | 4.1968 |
| December | 4.3566 | 4.0559 | 4.2449 |