2024 BND to PGK Historical Review

YEARLY HIGH

3.1060 PGK

YEARLY LOW

2.7602 PGK

YEARLY AVERAGE

2.9139 PGK

2024 BND to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BND to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 1, valuing the pair at 3.1060. Conversely, the yearly low was recorded on January 25, dropping to 2.7602.

This high-to-low spread represents a total annual volatility of 0.3458 PGK. From a start-to-finish perspective, comparing the January average rate of 2.7966 to the December average rate of 2.9947, the exchange rate registered a net change of 7.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1060 was up 8.58% compared to the 2023 peak of 2.8605, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,530 PGK

2023 Average 13,415 PGK

Yearly Trough Low 13,801 PGK

Transaction Impact: A difference of 1,729.01 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0801

2.7709

JanuMarcMayJulySeptNove

BND 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 2.8330, compared to 2.9948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1618 points.

H1 Avg (Jan–Jun) 2.8330

H2 Avg (Jul–Dec) 2.9948

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.1143 PGK (High: 3.1060 / Low: 2.9917). On the other end, June was the most stable month, with a tight range of 0.0518 PGK (High: 2.8911 / Low: 2.8393).

October Spread (Volatile) ±0.1143

June Spread (Stable) ±0.0518

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0245 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0245

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 3.0298) against the same month in 2023 (average: 2.7082), the exchange rate shifted by +0.3216 (+11.87%).

2024 Avg (October) 3.0298

2023 Avg (October) 2.7082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8657	2.7602	2.7966
February	2.8405	2.7684	2.8059
March	2.8708	2.7716	2.8337
April	2.8450	2.7746	2.8180
May	2.8876	2.8279	2.8701
June	2.8911	2.8393	2.8735
July	2.9215	2.8339	2.8964
August	3.0346	2.9305	2.9846
September	3.1043	3.0140	3.0543
October	3.1060	2.9917	3.0298
November	3.0469	2.9791	3.0091
December	3.0180	2.9321	2.9947