2024 NOK to PGK Historical Review

YEARLY HIGH

0.3790 PGK

YEARLY LOW

0.3435 PGK

YEARLY AVERAGE

0.3620 PGK

2024 NOK to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NOK to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 21, valuing the pair at 0.3790. Conversely, the yearly low was recorded on April 18, dropping to 0.3435.

This high-to-low spread represents a total annual volatility of 0.0355 PGK. From a start-to-finish perspective, comparing the January average rate of 0.3590 to the December average rate of 0.3600, the exchange rate registered a net change of 0.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3790 was up 2.19% compared to the 2023 peak of 0.3709, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,895 PGK

2023 Average 1,706 PGK

Yearly Trough Low 1,718 PGK

Transaction Impact: A difference of 177.50 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3756

0.3481

JanuMarcMayJulySeptNove

NOK 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 0.3587, compared to 0.3654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.3587

H2 Avg (Jul–Dec) 0.3654

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0216 PGK (High: 0.3776 / Low: 0.3560). On the other end, November was the most stable month, with a tight range of 0.0103 PGK (High: 0.3691 / Low: 0.3588).

August Spread (Volatile) ±0.0216

November Spread (Stable) ±0.0103

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0075 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.3733) against the same month in 2023 (average: 0.3397), the exchange rate shifted by +0.0336 (+9.88%).

2024 Avg (September) 0.3733

2023 Avg (September) 0.3397

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3723	0.3541	0.3590
February	0.3644	0.3507	0.3576
March	0.3662	0.3494	0.3579
April	0.3587	0.3435	0.3504
May	0.3709	0.3497	0.3611
June	0.3722	0.3586	0.3660
July	0.3689	0.3507	0.3612
August	0.3776	0.3560	0.3671
September	0.3790	0.3630	0.3733
October	0.3765	0.3597	0.3667
November	0.3691	0.3588	0.3639
December	0.3663	0.3504	0.3600