2024 NGN to PGK Historical Review

YEARLY HIGH

0.0043 PGK

YEARLY LOW

0.0023 PGK

YEARLY AVERAGE

0.0027 PGK

2024 NGN to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NGN to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0043. Conversely, the yearly low was recorded on February 20, dropping to 0.0023.

This high-to-low spread represents a total annual volatility of 0.0020 PGK. From a start-to-finish perspective, comparing the January average rate of 0.0041 to the December average rate of 0.0026, the exchange rate registered a net change of -37.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0043 was down 44.95% compared to the 2023 peak of 0.0079, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 4,336 PGK

2023 Average 6,049 PGK

Yearly Trough Low 2,319 PGK

Transaction Impact: A difference of 2,017.14 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0043

0.0022

JanuMarcMayJulySeptNove

NGN 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 0.0030, compared to 0.0025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0030

H2 Avg (Jul–Dec) 0.0025

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0019 PGK (High: 0.0042 / Low: 0.0023). On the other end, November was the most stable month, with a tight range of 0.0001 PGK (High: 0.0024 / Low: 0.0024).

February Spread (Volatile) ±0.0019

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0012 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0041) against the same month in 2023 (average: 0.0078), the exchange rate shifted by -0.0037 (-47.12%).

2024 Avg (January) 0.0041

2023 Avg (January) 0.0078

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0043	0.0039	0.0041
February	0.0042	0.0023	0.0029
March	0.0027	0.0024	0.0025
April	0.0032	0.0027	0.0030
May	0.0031	0.0026	0.0027
June	0.0027	0.0025	0.0026
July	0.0028	0.0024	0.0026
August	0.0025	0.0024	0.0025
September	0.0025	0.0024	0.0024
October	0.0025	0.0024	0.0024
November	0.0024	0.0024	0.0024
December	0.0026	0.0024	0.0026