YEARLY HIGH
0.4316 PGK
YEARLY LOW
0.3851 PGK
YEARLY AVERAGE
0.4106 PGK

2021 NOK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NOK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 0.4316. Conversely, the yearly low was recorded on December 3, dropping to 0.3851.

This high-to-low spread represents a total annual volatility of 0.0465 PGK. From a start-to-finish perspective, comparing the January average rate of 0.4146 to the December average rate of 0.3935, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4316 was up 4.88% compared to the 2020 peak of 0.4116, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NOK based on timing:

Yearly Peak High 2,158 PGK
2020 Average 1,848 PGK
Yearly Trough Low 1,926 PGK
Transaction Impact: A difference of 232.57 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4280
0.3903
JanuMarcMayJulySeptNove

NOK to PGK Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.4182, compared to 0.4031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0151 points.

H1 Avg (Jan–Jun) 0.4182
H2 Avg (Jul–Dec) 0.4031

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.0293 PGK (High: 0.4177 / Low: 0.3884). On the other end, September was the most stable month, with a tight range of 0.0099 PGK (High: 0.4121 / Low: 0.4022).

November Spread (Volatile) ±0.0293
September Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0175 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 0.4215) against the same month in 2020 (average: 0.3307), the exchange rate shifted by +0.0908 (+27.46%).

2021 Avg (April) 0.4215
2020 Avg (April) 0.3307

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.4210 0.4070 0.4146
February 0.4240 0.4074 0.4159
March 0.4204 0.4077 0.4142
April 0.4316 0.4140 0.4215
May 0.4313 0.4198 0.4249
June 0.4275 0.4035 0.4180
July 0.4144 0.3893 0.4005
August 0.4081 0.3883 0.3989
September 0.4121 0.4022 0.4067
October 0.4234 0.4087 0.4166
November 0.4177 0.3884 0.4023
December 0.4021 0.3851 0.3935