My understanding is that PMS is in the days before you get your period. It doesn't last your whole cycle.
I don't have PMS but birth control pills have bad effects on me and make me emotional, crying, depressed. Some people have told me that this is what PMS is like. So yes, I think taking hormones can make it worse. If you are taking hormones and are very moody and depressed, I would recommend stopping the hormones and using another form of birth control, such as a diaphragm or IUD. It's worth a try!
I have a friend whose daughter (age 19) began taking depo-provera for birth control. After several months, she was very depressed. She visited GP, was put on anti-depressants. Had moments of being too "up" so they next added a mood stabilizer. My friend happened to share what was going on with me and the first question I asked was, has your daughter recently begun taking female hormones? THe answer was yes. THey had just never put two and two together. So now this poor gal is still on hormones, plus the two psychoactive drugs. It's crazy! I don't understand why they don't take her off the hormones and solve her mental problems. I guess she is just too worried about getting pregnant, which yes, is a very important worry.