2024 ISK to PGK Historical Review

YEARLY HIGH

0.0295 PGK

YEARLY LOW

0.0267 PGK

YEARLY AVERAGE

0.0282 PGK

2024 ISK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ISK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.0295. Conversely, the yearly low was recorded on April 16, dropping to 0.0267.

This high-to-low spread represents a total annual volatility of 0.0029 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0273 to the December average rate of 0.0292, the exchange rate registered a net change of 6.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0295 was up 5.49% compared to the 2023 peak of 0.0280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 148 PGK

2023 Average 131 PGK

Yearly Trough Low 133 PGK

Transaction Impact: A difference of 14.39 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0293

0.0271

JanuMarcMayJulySeptNove

ISK 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 0.0276, compared to 0.0288 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0276

H2 Avg (Jul–Dec) 0.0288

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0013 PGK (High: 0.0283 / Low: 0.0270). On the other end, December was the most stable month, with a tight range of 0.0006 PGK (High: 0.0294 / Low: 0.0288).

March Spread (Volatile) ±0.0013

December Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0004 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.0289) against the same month in 2023 (average: 0.0269), the exchange rate shifted by +0.0020 (+7.37%).

2024 Avg (September) 0.0289

2023 Avg (September) 0.0269

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0279	0.0270	0.0273
February	0.0277	0.0270	0.0274
March	0.0283	0.0270	0.0277
April	0.0276	0.0267	0.0272
May	0.0284	0.0276	0.0279
June	0.0284	0.0276	0.0280
July	0.0286	0.0277	0.0283
August	0.0289	0.0279	0.0285
September	0.0295	0.0284	0.0289
October	0.0295	0.0285	0.0290
November	0.0295	0.0288	0.0291
December	0.0294	0.0288	0.0292