2024 PGK to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 140.0409. Conversely, the yearly low was recorded on December 11, dropping to 124.0515.
This high-to-low spread represents a total annual volatility of 15.9894 CRC. From a start-to-finish perspective, comparing the January average rate of 138.4704 to the December average rate of 125.1231, the exchange rate registered a net change of -9.64% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 140.0409 was down 16.64% compared to the 2023 peak of 167.9954, 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 CRC 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 134.7327, compared to 130.3414 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.3913 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 6.6357 CRC (High: 137.8140 / Low: 131.1783). On the other end, May was the most stable month, with a tight range of 2.1797 CRC (High: 133.8511 / Low: 131.6713).
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 3.0867 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 138.4704) against the same month in 2023 (average: 163.1456), the exchange rate shifted by -24.6752 (-15.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 140.0409 | 135.2935 | 138.4704 |
| February | 138.6948 | 134.8780 | 136.7038 |
| March | 137.1991 | 131.3466 | 133.8784 |
| April | 134.3797 | 129.8712 | 131.9011 |
| May | 133.8511 | 131.6713 | 132.1755 |
| June | 137.6560 | 133.4918 | 135.2670 |
| July | 136.8148 | 133.5085 | 135.0600 |
| August | 137.8140 | 131.1783 | 133.6290 |
| September | 133.6914 | 129.7107 | 131.1979 |
| October | 131.8960 | 127.8752 | 130.0624 |
| November | 128.5511 | 125.9690 | 126.9757 |
| December | 127.3489 | 124.0515 | 125.1231 |