2024 HNL to PGK Historical Review

YEARLY HIGH

0.1615 PGK

YEARLY LOW

0.1497 PGK

YEARLY AVERAGE

0.1566 PGK

2024 HNL to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HNL to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 14, valuing the pair at 0.1615. Conversely, the yearly low was recorded on January 25, dropping to 0.1497.

This high-to-low spread represents a total annual volatility of 0.0119 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1512 to the December average rate of 0.1595, the exchange rate registered a net change of 5.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1615 was up 5.42% compared to the 2023 peak of 0.1532, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 808 PGK

2023 Average 730 PGK

Yearly Trough Low 748 PGK

Transaction Impact: A difference of 59.35 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1604

0.1504

JanuMarcMayJulySeptNove

HNL 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 0.1543, compared to 0.1588 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0045 points.

H1 Avg (Jan–Jun) 0.1543

H2 Avg (Jul–Dec) 0.1588

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0059 PGK (High: 0.1596 / Low: 0.1536). On the other end, May was the most stable month, with a tight range of 0.0017 PGK (High: 0.1575 / Low: 0.1558).

August Spread (Volatile) ±0.0059

May Spread (Stable) ±0.0017

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 September and October, when the average rate fell by 0.0008 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.1596) against the same month in 2023 (average: 0.1521), the exchange rate shifted by +0.0075 (+4.96%).

2024 Avg (November) 0.1596

2023 Avg (November) 0.1521

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1532	0.1497	0.1512
February	0.1545	0.1506	0.1526
March	0.1550	0.1506	0.1537
April	0.1563	0.1531	0.1547
May	0.1575	0.1558	0.1568
June	0.1583	0.1547	0.1567
July	0.1585	0.1548	0.1574
August	0.1596	0.1536	0.1584
September	0.1606	0.1575	0.1594
October	0.1606	0.1568	0.1587
November	0.1615	0.1582	0.1596
December	0.1600	0.1568	0.1595