2024 PGK to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 15, valuing the pair at 1119.2306. Conversely, the yearly low was recorded on May 18, dropping to 981.1025.
This high-to-low spread represents a total annual volatility of 138.1282 COP. From a start-to-finish perspective, comparing the January average rate of 1049.8629 to the December average rate of 1086.3212, the exchange rate registered a net change of 3.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1119.2306 was down 20.71% compared to the 2023 peak of 1411.5613, 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 COP 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 1028.1514, compared to 1063.3866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 35.2352 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 96.0955 COP (High: 1085.2977 / Low: 989.2022). On the other end, May was the most stable month, with a tight range of 30.5018 COP (High: 1011.6043 / Low: 981.1025).
Growth Streaks & Declines
TrendsBetween August and November, 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 15.0236 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 1095.7480) against the same month in 2023 (average: 1074.2957), the exchange rate shifted by +21.4522 (+2.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1063.0230 | 1025.3935 | 1049.8629 |
| February | 1059.4136 | 1026.7516 | 1041.1869 |
| March | 1049.0834 | 1007.8829 | 1026.2798 |
| April | 1034.4760 | 984.2869 | 1011.4535 |
| May | 1011.6043 | 981.1025 | 996.4299 |
| June | 1085.2977 | 989.2022 | 1043.6954 |
| July | 1074.9355 | 1008.1843 | 1035.9490 |
| August | 1055.5606 | 1013.1850 | 1033.0887 |
| September | 1089.6386 | 1044.6482 | 1056.7153 |
| October | 1101.9957 | 1041.1069 | 1072.4976 |
| November | 1119.2306 | 1074.3758 | 1095.7480 |
| December | 1106.0480 | 1064.4590 | 1086.3212 |