2024 ETB to PGK Historical Review

YEARLY HIGH

0.0683 PGK

YEARLY LOW

0.0312 PGK

YEARLY AVERAGE

0.0533 PGK

2024 ETB to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.0683. Conversely, the yearly low was recorded on December 28, dropping to 0.0312.

This high-to-low spread represents a total annual volatility of 0.0371 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0662 to the December average rate of 0.0319, the exchange rate registered a net change of -51.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0683 was up 0.39% compared to the 2023 peak of 0.0681, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 342 PGK

2023 Average 329 PGK

Yearly Trough Low 156 PGK

Transaction Impact: A difference of 185.52 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0712

0.0284

JanuMarcMayJulySeptNove

ETB 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 0.0670, compared to 0.0396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0274 points.

H1 Avg (Jan–Jun) 0.0670

H2 Avg (Jul–Dec) 0.0396

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0162 PGK (High: 0.0683 / Low: 0.0521). On the other end, May was the most stable month, with a tight range of 0.0009 PGK (High: 0.0682 / Low: 0.0673).

July Spread (Volatile) ±0.0162

May Spread (Stable) ±0.0009

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 July and August, when the average rate fell by 0.0284 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0284

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 0.0671) against the same month in 2023 (average: 0.0651), the exchange rate shifted by +0.0019 (+2.99%).

2024 Avg (July) 0.0671

2023 Avg (July) 0.0651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0671	0.0655	0.0662
February	0.0673	0.0658	0.0666
March	0.0676	0.0657	0.0670
April	0.0680	0.0664	0.0672
May	0.0682	0.0673	0.0676
June	0.0682	0.0667	0.0676
July	0.0683	0.0521	0.0671
August	0.0498	0.0342	0.0386
September	0.0358	0.0327	0.0343
October	0.0338	0.0323	0.0330
November	0.0334	0.0319	0.0328
December	0.0325	0.0312	0.0319