2024 PGK to BRL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to BRL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1.6618. Conversely, the yearly low was recorded on January 1, dropping to 1.2802.
This high-to-low spread represents a total annual volatility of 0.3816 BRL. From a start-to-finish perspective, comparing the January average rate of 1.3148 to the December average rate of 1.5144, the exchange rate registered a net change of 15.18% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.6618 was up 6.88% compared to the 2023 peak of 1.5548, 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 BRL 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 1.3330, compared to 1.4350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1020 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 0.1881 BRL (High: 1.6618 / Low: 1.4737). On the other end, May was the most stable month, with a tight range of 0.0363 BRL (High: 1.3470 / Low: 1.3107).
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 0.0169 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1.5144) against the same month in 2023 (average: 1.3091), the exchange rate shifted by +0.2053 (+15.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.3389 | 1.2802 | 1.3148 |
| February | 1.3389 | 1.3022 | 1.3159 |
| March | 1.3352 | 1.2958 | 1.3122 |
| April | 1.3968 | 1.3086 | 1.3416 |
| May | 1.3470 | 1.3107 | 1.3246 |
| June | 1.4549 | 1.3471 | 1.3892 |
| July | 1.4743 | 1.3850 | 1.4211 |
| August | 1.4680 | 1.3739 | 1.4149 |
| September | 1.4400 | 1.3645 | 1.3993 |
| October | 1.4463 | 1.3578 | 1.4164 |
| November | 1.4920 | 1.4148 | 1.4439 |
| December | 1.6618 | 1.4737 | 1.5144 |