2024 PGK to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 264.3018. Conversely, the yearly low was recorded on September 28, dropping to 226.2866.
This high-to-low spread represents a total annual volatility of 38.0152 CLP. From a start-to-finish perspective, comparing the January average rate of 243.4449 to the December average rate of 243.3092, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 264.3018 was up 3.13% compared to the 2023 peak of 256.2701, 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 CLP 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 246.6441, compared to 238.6470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 7.9971 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 20.7064 CLP (High: 248.9597 / Low: 228.2533). On the other end, November was the most stable month, with a tight range of 7.9626 CLP (High: 245.3759 / Low: 237.4133).
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 13.8792 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 256.0713) against the same month in 2023 (average: 226.9749), the exchange rate shifted by +29.0964 (+12.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 249.4560 | 232.9370 | 243.4449 |
| February | 264.3018 | 251.0724 | 256.0713 |
| March | 260.8224 | 246.4138 | 254.6273 |
| April | 259.0313 | 245.0827 | 250.2770 |
| May | 248.9597 | 228.2533 | 236.3977 |
| June | 246.8040 | 231.6142 | 239.0464 |
| July | 246.1651 | 231.8906 | 239.7713 |
| August | 243.3036 | 229.6864 | 236.6724 |
| September | 241.4525 | 226.2866 | 233.9591 |
| October | 242.0231 | 226.2881 | 236.3156 |
| November | 245.3759 | 237.4133 | 241.8543 |
| December | 248.9909 | 239.8413 | 243.3092 |