2024 AFN to PGK Historical Review

YEARLY HIGH

0.0609 PGK

YEARLY LOW

0.0502 PGK

YEARLY AVERAGE

0.0553 PGK

2024 AFN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 22, valuing the pair at 0.0609. Conversely, the yearly low was recorded on February 3, dropping to 0.0502.

This high-to-low spread represents a total annual volatility of 0.0107 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0522 to the December average rate of 0.0582, the exchange rate registered a net change of 11.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0609 was up 11.28% compared to the 2023 peak of 0.0547, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 304 PGK

2023 Average 220 PGK

Yearly Trough Low 251 PGK

Transaction Impact: A difference of 53.57 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0602

0.0508

JanuMarcMayJulySeptNove

AFN 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 0.0531, compared to 0.0574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0043 points.

H1 Avg (Jan–Jun) 0.0531

H2 Avg (Jul–Dec) 0.0574

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0035 PGK (High: 0.0609 / Low: 0.0574). On the other end, April was the most stable month, with a tight range of 0.0015 PGK (High: 0.0539 / Low: 0.0524).

October Spread (Volatile) ±0.0035

April Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0012 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.0592) against the same month in 2023 (average: 0.0491), the exchange rate shifted by +0.0101 (+20.57%).

2024 Avg (October) 0.0592

2023 Avg (October) 0.0491

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0535	0.0506	0.0522
February	0.0526	0.0502	0.0516
March	0.0537	0.0514	0.0526
April	0.0539	0.0524	0.0532
May	0.0552	0.0534	0.0541
June	0.0559	0.0542	0.0551
July	0.0558	0.0542	0.0551
August	0.0561	0.0538	0.0555
September	0.0584	0.0553	0.0570
October	0.0609	0.0574	0.0592
November	0.0605	0.0587	0.0594
December	0.0599	0.0566	0.0582