2024 PGK to BOB Historical Review

YEARLY HIGH

1.8691 BOB

YEARLY LOW

1.7010 BOB

YEARLY AVERAGE

1.7769 BOB

2024 PGK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1.8691. Conversely, the yearly low was recorded on December 31, dropping to 1.7010.

This high-to-low spread represents a total annual volatility of 0.1680 BOB. From a start-to-finish perspective, comparing the January average rate of 1.8505 to the December average rate of 1.7092, the exchange rate registered a net change of -7.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8691 was down 5.65% compared to the 2023 peak of 1.9810, 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 9,345 BOB

2023 Average 9,594 BOB

Yearly Trough Low 8,505 BOB

Transaction Impact: A difference of 840.13 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.8647

1.6951

JanuMarcMayJulySeptNove

PGK to BOB 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 1.8122, compared to 1.7416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0706 points.

H1 Avg (Jan–Jun) 1.8122

H2 Avg (Jul–Dec) 1.7416

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0625 BOB (High: 1.8100 / Low: 1.7475). On the other end, May was the most stable month, with a tight range of 0.0159 BOB (High: 1.7915 / Low: 1.7756).

August Spread (Volatile) ±0.0625

May Spread (Stable) ±0.0159

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 0.0294 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0294

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.8505) against the same month in 2023 (average: 1.9614), the exchange rate shifted by -0.1109 (-5.66%).

2024 Avg (January) 1.8505

2023 Avg (January) 1.9614

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8691	1.8276	1.8505
February	1.8604	1.8112	1.8323
March	1.8518	1.8045	1.8191
April	1.8312	1.7967	1.8111
May	1.7915	1.7756	1.7817
June	1.8020	1.7646	1.7789
July	1.7946	1.7587	1.7719
August	1.8100	1.7475	1.7587
September	1.7653	1.7305	1.7460
October	1.7647	1.7242	1.7431
November	1.7385	1.7052	1.7209
December	1.7345	1.7010	1.7092