2024 CNY to PGK Historical Review

YEARLY HIGH

0.5693 PGK

YEARLY LOW

0.5176 PGK

YEARLY AVERAGE

0.5423 PGK

2024 CNY to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 0.5693. Conversely, the yearly low was recorded on February 2, dropping to 0.5176.

This high-to-low spread represents a total annual volatility of 0.0517 PGK. From a start-to-finish perspective, comparing the January average rate of 0.5251 to the December average rate of 0.5552, the exchange rate registered a net change of 5.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5693 was up 6.57% compared to the 2023 peak of 0.5342, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 14,233 PGK

2023 Average 12,732 PGK

Yearly Trough Low 12,940 PGK

Transaction Impact: A difference of 1,293.27 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5634

0.5216

JanuMarcMayJulySeptNove

CNY 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 0.5314, compared to 0.5533 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0219 points.

H1 Avg (Jan–Jun) 0.5314

H2 Avg (Jul–Dec) 0.5533

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0219 PGK (High: 0.5583 / Low: 0.5363). On the other end, December was the most stable month, with a tight range of 0.0117 PGK (High: 0.5582 / Low: 0.5465).

August Spread (Volatile) ±0.0219

December Spread (Stable) ±0.0117

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.5600) against the same month in 2023 (average: 0.5095), the exchange rate shifted by +0.0504 (+9.89%).

2024 Avg (October) 0.5600

2023 Avg (October) 0.5095

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5356	0.5181	0.5251
February	0.5347	0.5176	0.5271
March	0.5357	0.5183	0.5278
April	0.5402	0.5223	0.5287
May	0.5480	0.5326	0.5412
June	0.5486	0.5290	0.5384
July	0.5483	0.5284	0.5373
August	0.5583	0.5363	0.5495
September	0.5678	0.5523	0.5597
October	0.5693	0.5513	0.5600
November	0.5650	0.5520	0.5580
December	0.5582	0.5465	0.5552