2024 PGK to BDT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to BDT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 31.2997. Conversely, the yearly low was recorded on May 9, dropping to 28.3250.
This high-to-low spread represents a total annual volatility of 2.9747 BDT. From a start-to-finish perspective, comparing the January average rate of 29.3913 to the December average rate of 29.5509, the exchange rate registered a net change of 0.54% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 31.2997 was up 0.68% compared to the 2023 peak of 31.0882, 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 BDT 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 29.3272, compared to 29.9701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6429 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.9639 BDT (High: 30.2890 / Low: 28.3250). On the other end, November was the most stable month, with a tight range of 0.4658 BDT (High: 29.9568 / Low: 29.4910).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 0.3991 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 30.1037) against the same month in 2023 (average: 30.2078), the exchange rate shifted by -0.1041 (-0.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 29.6870 | 29.0258 | 29.3913 |
| February | 29.4892 | 28.7696 | 29.0955 |
| March | 29.4117 | 28.6617 | 28.8773 |
| April | 28.9850 | 28.4327 | 28.7103 |
| May | 30.2890 | 28.3250 | 29.6472 |
| June | 30.6455 | 30.0064 | 30.2414 |
| July | 30.5158 | 29.9043 | 30.1300 |
| August | 31.2997 | 29.7993 | 30.1037 |
| September | 30.5288 | 29.9290 | 30.1857 |
| October | 30.4218 | 29.8189 | 30.1248 |
| November | 29.9568 | 29.4910 | 29.7256 |
| December | 30.0025 | 29.4159 | 29.5509 |