2024 MVR to PGK Historical Review

YEARLY HIGH

0.2670 PGK

YEARLY LOW

0.2402 PGK

YEARLY AVERAGE

0.2527 PGK

2024 MVR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.2670. Conversely, the yearly low was recorded on January 25, dropping to 0.2402.

This high-to-low spread represents a total annual volatility of 0.0269 PGK. From a start-to-finish perspective, comparing the January average rate of 0.2424 to the December average rate of 0.2624, the exchange rate registered a net change of 8.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2670 was up 7.73% compared to the 2023 peak of 0.2479, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,335 PGK

2023 Average 1,172 PGK

Yearly Trough Low 1,201 PGK

Transaction Impact: A difference of 134.33 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2644

0.2404

JanuMarcMayJulySeptNove

MVR 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 0.2475, compared to 0.2580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0105 points.

H1 Avg (Jan–Jun) 0.2475

H2 Avg (Jul–Dec) 0.2580

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0177 PGK (High: 0.2670 / Low: 0.2493). On the other end, November was the most stable month, with a tight range of 0.0037 PGK (High: 0.2622 / Low: 0.2585).

May Spread (Volatile) ±0.0177

November Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.2515) against the same month in 2023 (average: 0.2302), the exchange rate shifted by +0.0213 (+9.24%).

2024 Avg (May) 0.2515

2023 Avg (May) 0.2302

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2462	0.2402	0.2424
February	0.2479	0.2417	0.2451
March	0.2482	0.2422	0.2461
April	0.2503	0.2444	0.2473
May	0.2670	0.2493	0.2515
June	0.2542	0.2493	0.2524
July	0.2558	0.2493	0.2533
August	0.2578	0.2486	0.2553
September	0.2601	0.2544	0.2579
October	0.2612	0.2557	0.2585
November	0.2622	0.2585	0.2605
December	0.2638	0.2590	0.2624