2024 CAD to PGK Historical Review

YEARLY HIGH

2.9614 PGK

YEARLY LOW

2.7386 PGK

YEARLY AVERAGE

2.8403 PGK

2024 CAD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 2.9614. Conversely, the yearly low was recorded on April 16, dropping to 2.7386.

This high-to-low spread represents a total annual volatility of 0.2229 PGK. From a start-to-finish perspective, comparing the January average rate of 2.7826 to the December average rate of 2.8349, the exchange rate registered a net change of 1.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9614 was up 3.88% compared to the 2023 peak of 2.8509, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,807 PGK

2023 Average 13,341 PGK

Yearly Trough Low 13,693 PGK

Transaction Impact: A difference of 1,114.33 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9366

2.7686

JanuMarcMayJulySeptNove

CAD 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 2.8082, compared to 2.8724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0642 points.

H1 Avg (Jan–Jun) 2.8082

H2 Avg (Jul–Dec) 2.8724

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1270 PGK (High: 2.9378 / Low: 2.8108). On the other end, May was the most stable month, with a tight range of 0.0441 PGK (High: 2.8547 / Low: 2.8106).

August Spread (Volatile) ±0.1270

May Spread (Stable) ±0.0441

Growth Streaks & Declines

Trends

Between June and September, 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 November and December, when the average rate fell by 0.0406 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0406

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.9226) against the same month in 2023 (average: 2.6898), the exchange rate shifted by +0.2328 (+8.65%).

2024 Avg (September) 2.9226

2023 Avg (September) 2.6898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8628	2.7435	2.7826
February	2.8265	2.7547	2.7959
March	2.8404	2.7470	2.8053
April	2.8334	2.7386	2.7935
May	2.8547	2.8106	2.8375
June	2.8618	2.7868	2.8346
July	2.8716	2.7992	2.8429
August	2.9378	2.8108	2.8733
September	2.9614	2.8809	2.9226
October	2.9612	2.8466	2.8851
November	2.8996	2.8461	2.8755
December	2.8839	2.7661	2.8349