2024 PGK to HKD Historical Review

YEARLY HIGH

2.1139 HKD

YEARLY LOW

1.9120 HKD

YEARLY AVERAGE

2.0060 HKD

2024 PGK to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 2.1139. Conversely, the yearly low was recorded on December 31, dropping to 1.9120.

This high-to-low spread represents a total annual volatility of 0.2019 HKD. From a start-to-finish perspective, comparing the January average rate of 2.0937 to the December average rate of 1.9229, the exchange rate registered a net change of -8.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1139 was down 6.43% compared to the 2023 peak of 2.2591, 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 10,570 HKD

2023 Average 10,875 HKD

Yearly Trough Low 9,560 HKD

Transaction Impact: A difference of 1,009.71 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1107

1.9058

JanuMarcMayJulySeptNove

PGK to HKD 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 2.0501, compared to 1.9620 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0881 points.

H1 Avg (Jan–Jun) 2.0501

H2 Avg (Jul–Dec) 1.9620

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0727 HKD (High: 2.0420 / Low: 1.9693). On the other end, May was the most stable month, with a tight range of 0.0221 HKD (High: 2.0271 / Low: 2.0050).

August Spread (Volatile) ±0.0727

May Spread (Stable) ±0.0221

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0351 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.0937) against the same month in 2023 (average: 2.2198), the exchange rate shifted by -0.1261 (-5.68%).

2024 Avg (January) 2.0937

2023 Avg (January) 2.2198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1139	2.0599	2.0937
February	2.1012	2.0521	2.0732
March	2.0989	2.0430	2.0597
April	2.0738	2.0231	2.0492
May	2.0271	2.0050	2.0141
June	2.0347	1.9936	2.0105
July	2.0347	1.9891	2.0031
August	2.0420	1.9693	1.9858
September	1.9935	1.9498	1.9677
October	1.9794	1.9375	1.9574
November	1.9519	1.9206	1.9350
December	1.9462	1.9120	1.9229