2024 PGK to ALL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to ALL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 25.9386. Conversely, the yearly low was recorded on September 30, dropping to 22.2016.
This high-to-low spread represents a total annual volatility of 3.7370 ALL. From a start-to-finish perspective, comparing the January average rate of 25.5013 to the December average rate of 23.2119, the exchange rate registered a net change of -8.98% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 25.9386 was down 17.95% compared to the 2023 peak of 31.6148, 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 ALL 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 24.8012, compared to 23.0654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7358 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 1.0993 ALL (High: 25.8366 / Low: 24.7373). On the other end, May was the most stable month, with a tight range of 0.5781 ALL (High: 24.3245 / Low: 23.7465).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.7806 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 25.5026) against the same month in 2023 (average: 30.6192), the exchange rate shifted by -5.1166 (-16.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.8366 | 24.7373 | 25.5013 |
| February | 25.9386 | 25.1043 | 25.5026 |
| March | 25.7101 | 24.7336 | 25.0476 |
| April | 25.1729 | 24.3540 | 24.7627 |
| May | 24.3245 | 23.7465 | 23.9821 |
| June | 24.3509 | 23.6616 | 24.0110 |
| July | 24.2961 | 23.4238 | 23.7170 |
| August | 23.6164 | 22.6848 | 23.1126 |
| September | 22.9621 | 22.2016 | 22.5963 |
| October | 23.1631 | 22.2543 | 22.8093 |
| November | 23.4043 | 22.4166 | 22.9453 |
| December | 23.5929 | 22.9986 | 23.2119 |