2024 PGK to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 19.9338. Conversely, the yearly low was recorded on October 22, dropping to 16.4256.
This high-to-low spread represents a total annual volatility of 3.5082 AFN. From a start-to-finish perspective, comparing the January average rate of 19.1605 to the December average rate of 17.1731, the exchange rate registered a net change of -10.37% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 19.9338 was down 23.18% compared to the 2023 peak of 25.9498, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PGK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PGK to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 18.8301, compared to 17.4406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3894 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.0660 AFN (High: 19.7480 / Low: 18.6819). On the other end, November was the most stable month, with a tight range of 0.4867 AFN (High: 17.0235 / Low: 16.5368).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.6539 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 19.3944) against the same month in 2023 (average: 25.4050), the exchange rate shifted by -6.0106 (-23.66%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.7480 | 18.6819 | 19.1605 |
| February | 19.9338 | 19.0211 | 19.3944 |
| March | 19.4367 | 18.6313 | 19.0034 |
| April | 19.0780 | 18.5449 | 18.7852 |
| May | 18.7166 | 18.1025 | 18.4817 |
| June | 18.4664 | 17.8903 | 18.1552 |
| July | 18.4621 | 17.9064 | 18.1495 |
| August | 18.5867 | 17.8163 | 18.0319 |
| September | 18.0843 | 17.1134 | 17.5554 |
| October | 17.4305 | 16.4256 | 16.9015 |
| November | 17.0235 | 16.5368 | 16.8325 |
| December | 17.6716 | 16.6865 | 17.1731 |