2024 MYR to PGK Historical Review

YEARLY HIGH

0.9666 PGK

YEARLY LOW

0.7763 PGK

YEARLY AVERAGE

0.8528 PGK

2024 MYR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 25, valuing the pair at 0.9666. Conversely, the yearly low was recorded on February 20, dropping to 0.7763.

This high-to-low spread represents a total annual volatility of 0.1903 PGK. From a start-to-finish perspective, comparing the January average rate of 0.7974 to the December average rate of 0.9063, the exchange rate registered a net change of 13.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9666 was up 15.92% compared to the 2023 peak of 0.8339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 19,333 PGK

2023 Average 15,802 PGK

Yearly Trough Low 15,527 PGK

Transaction Impact: A difference of 3,805.88 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9439

0.7777

JanuMarcMayJulySeptNove

MYR 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 0.8072, compared to 0.8983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0911 points.

H1 Avg (Jan–Jun) 0.8072

H2 Avg (Jul–Dec) 0.8983

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0615 PGK (High: 0.9666 / Low: 0.9051). On the other end, June was the most stable month, with a tight range of 0.0158 PGK (High: 0.8307 / Low: 0.8149).

September Spread (Volatile) ±0.0615

June Spread (Stable) ±0.0158

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0167 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0167

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.9300) against the same month in 2023 (average: 0.7787), the exchange rate shifted by +0.1513 (+19.44%).

2024 Avg (September) 0.9300

2023 Avg (September) 0.7787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8252	0.7817	0.7974
February	0.8002	0.7763	0.7916
March	0.8164	0.7860	0.8051
April	0.8117	0.7909	0.8020
May	0.8302	0.8087	0.8222
June	0.8307	0.8149	0.8248
July	0.8549	0.8153	0.8329
August	0.9180	0.8596	0.8896
September	0.9666	0.9051	0.9300
October	0.9595	0.9109	0.9239
November	0.9243	0.8958	0.9072
December	0.9153	0.8920	0.9063