2024 PGK to ETB Historical Review

YEARLY HIGH

32.0309 ETB

YEARLY LOW

14.6362 ETB

YEARLY AVERAGE

20.9990 ETB

2024 PGK to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 32.0309. Conversely, the yearly low was recorded on July 21, dropping to 14.6362.

This high-to-low spread represents a total annual volatility of 17.3947 ETB. From a start-to-finish perspective, comparing the January average rate of 15.1132 to the December average rate of 31.3259, the exchange rate registered a net change of 107.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 32.0309 was up 105.22% compared to the 2023 peak of 15.6080, 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 160,155 ETB

2023 Average 76,013 ETB

Yearly Trough Low 73,181 ETB

Transaction Impact: A difference of 86,973.57 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32.9803

13.1283

JanuMarcMayJulySeptNove

PGK to ETB 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 14.9223, compared to 27.0757 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.1534 points.

H1 Avg (Jan–Jun) 14.9223

H2 Avg (Jul–Dec) 27.0757

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 9.1555 ETB (High: 29.2225 / Low: 20.0670). On the other end, May was the most stable month, with a tight range of 0.1888 ETB (High: 14.8545 / Low: 14.6657).

August Spread (Volatile) ±9.1555

May Spread (Stable) ±0.1888

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.1082 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 31.3259) against the same month in 2023 (average: 15.0127), the exchange rate shifted by +16.3132 (+108.66%).

2024 Avg (December) 31.3259

2023 Avg (December) 15.0127

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.2777	14.8949	15.1132
February	15.2087	14.8667	15.0088
March	15.2277	14.7974	14.9360
April	15.0550	14.7144	14.8908
May	14.8545	14.6657	14.7826
June	15.0031	14.6660	14.8022
July	19.2025	14.6362	14.9394
August	29.2225	20.0670	26.2108
September	30.5525	27.9061	29.1618
October	30.9292	29.6214	30.3239
November	31.3467	29.9638	30.4925
December	32.0309	30.7404	31.3259