YEARLY HIGH
2.5966 NOK
YEARLY LOW
2.3168 NOK
YEARLY AVERAGE
2.4370 NOK

2021 PGK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PGK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 2.5966. Conversely, the yearly low was recorded on April 28, dropping to 2.3168.

This high-to-low spread represents a total annual volatility of 0.2798 NOK. From a start-to-finish perspective, comparing the January average rate of 2.4123 to the December average rate of 2.5420, the exchange rate registered a net change of 5.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.5966 was down 24.94% compared to the 2020 peak of 3.4594, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,983 NOK
2020 Average 13,586 NOK
Yearly Trough Low 11,584 NOK
Transaction Impact: A difference of 1,399.04 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.5608
2.3351
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 2.3918, compared to 2.4822 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0904 points.

H1 Avg (Jan–Jun) 2.3918
H2 Avg (Jul–Dec) 2.4822

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1808 NOK (High: 2.5748 / Low: 2.3940). On the other end, September was the most stable month, with a tight range of 0.0595 NOK (High: 2.4860 / Low: 2.4265).

November Spread (Volatile) ±0.1808
September Spread (Stable) ±0.0595

Growth Streaks & Declines

Trends

Between May and August, 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 September and October, when the average rate fell by 0.0580 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0580

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 2.5420) against the same month in 2020 (average: 2.4751), the exchange rate shifted by +0.0669 (+2.70%).

2021 Avg (December) 2.5420
2020 Avg (December) 2.4751

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.4572 2.3752 2.4123
February 2.4544 2.3583 2.4048
March 2.4525 2.3787 2.4143
April 2.4155 2.3168 2.3725
May 2.3819 2.3185 2.3539
June 2.4780 2.3391 2.3927
July 2.5689 2.4132 2.4973
August 2.5753 2.4501 2.5072
September 2.4860 2.4265 2.4588
October 2.4466 2.3620 2.4008
November 2.5748 2.3940 2.4872
December 2.5966 2.4871 2.5420