2024 PGK to AED Historical Review

YEARLY HIGH

0.9931 AED

YEARLY LOW

0.9041 AED

YEARLY AVERAGE

0.9442 AED

2024 PGK to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.9931. Conversely, the yearly low was recorded on December 31, dropping to 0.9041.

This high-to-low spread represents a total annual volatility of 0.0890 AED. From a start-to-finish perspective, comparing the January average rate of 0.9838 to the December average rate of 0.9085, the exchange rate registered a net change of -7.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9931 was down 6.05% compared to the 2023 peak of 1.0570, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,965 AED

2023 Average 5,101 AED

Yearly Trough Low 4,520 AED

Transaction Impact: A difference of 444.93 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9913

0.9010

JanuMarcMayJulySeptNove

PGK to AED 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 0.9630, compared to 0.9254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0375 points.

H1 Avg (Jan–Jun) 0.9630

H2 Avg (Jul–Dec) 0.9254

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0344 AED (High: 0.9619 / Low: 0.9275). On the other end, May was the most stable month, with a tight range of 0.0100 AED (High: 0.9528 / Low: 0.9428).

August Spread (Volatile) ±0.0344

May Spread (Stable) ±0.0100

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 April and May, when the average rate fell by 0.0140 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9838) against the same month in 2023 (average: 1.0426), the exchange rate shifted by -0.0588 (-5.64%).

2024 Avg (January) 0.9838

2023 Avg (January) 1.0426

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9931	0.9687	0.9838
February	0.9867	0.9636	0.9736
March	0.9847	0.9590	0.9669
April	0.9724	0.9492	0.9611
May	0.9528	0.9428	0.9471
June	0.9567	0.9382	0.9455
July	0.9564	0.9351	0.9421
August	0.9619	0.9275	0.9355
September	0.9398	0.9198	0.9276
October	0.9353	0.9158	0.9253
November	0.9219	0.9066	0.9135
December	0.9209	0.9041	0.9085