2024 NZD to PGK Historical Review

YEARLY HIGH

2.5240 PGK

YEARLY LOW

2.2300 PGK

YEARLY AVERAGE

2.3544 PGK

2024 NZD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 2.5240. Conversely, the yearly low was recorded on April 16, dropping to 2.2300.

This high-to-low spread represents a total annual volatility of 0.2940 PGK. From a start-to-finish perspective, comparing the January average rate of 2.3053 to the December average rate of 2.3199, the exchange rate registered a net change of 0.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5240 was up 5.55% compared to the 2023 peak of 2.3913, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,620 PGK

2023 Average 11,058 PGK

Yearly Trough Low 11,150 PGK

Transaction Impact: A difference of 1,469.99 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4845

2.2562

JanuMarcMayJulySeptNove

NZD 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 2.3230, compared to 2.3858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0628 points.

H1 Avg (Jan–Jun) 2.3230

H2 Avg (Jul–Dec) 2.3858

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1583 PGK (High: 2.4788 / Low: 2.3204). On the other end, June was the most stable month, with a tight range of 0.0680 PGK (High: 2.4125 / Low: 2.3445).

August Spread (Volatile) ±0.1583

June Spread (Stable) ±0.0680

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 November and December, when the average rate fell by 0.0555 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0555

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.4654) against the same month in 2023 (average: 2.1607), the exchange rate shifted by +0.3048 (+14.10%).

2024 Avg (September) 2.4654

2023 Avg (September) 2.1607

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3941	2.2561	2.3053
February	2.3628	2.2570	2.3122
March	2.3578	2.2534	2.3078
April	2.3218	2.2300	2.2752
May	2.3955	2.2898	2.3542
June	2.4125	2.3445	2.3830
July	2.3971	2.2781	2.3522
August	2.4788	2.3204	2.3898
September	2.5240	2.4170	2.4654
October	2.5098	2.3799	2.4120
November	2.4165	2.3343	2.3754
December	2.3781	2.2479	2.3199