2024 PGK to IQD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to IQD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 354.3328. Conversely, the yearly low was recorded on December 31, dropping to 322.4871.
This high-to-low spread represents a total annual volatility of 31.8458 IQD. From a start-to-finish perspective, comparing the January average rate of 350.8083 to the December average rate of 323.9288, the exchange rate registered a net change of -7.66% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 354.3328 was down 15.41% compared to the 2023 peak of 418.8666, 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 IQD 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 343.3885, compared to 330.0006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.3879 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 13.1056 IQD (High: 343.1154 / Low: 330.0098). On the other end, May was the most stable month, with a tight range of 3.6168 IQD (High: 339.4257 / Low: 335.8089).
Growth Streaks & Declines
TrendsNo 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 5.0521 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 350.8083) against the same month in 2023 (average: 414.3399), the exchange rate shifted by -63.5316 (-15.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 354.3328 | 346.2028 | 350.8083 |
| February | 351.9282 | 343.3807 | 347.2885 |
| March | 351.2017 | 341.9793 | 344.6767 |
| April | 345.9925 | 339.3873 | 342.6913 |
| May | 339.4257 | 335.8089 | 337.6392 |
| June | 341.2157 | 334.7382 | 337.2270 |
| July | 340.2114 | 333.4403 | 335.8739 |
| August | 343.1154 | 330.0098 | 333.1057 |
| September | 334.6608 | 329.1391 | 330.9267 |
| October | 333.5173 | 326.8433 | 330.2045 |
| November | 328.4834 | 323.4545 | 325.9642 |
| December | 328.8330 | 322.4871 | 323.9288 |