2024 PGK to ISK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to ISK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 37.5234. Conversely, the yearly low was recorded on September 25, dropping to 33.8653.
This high-to-low spread represents a total annual volatility of 3.6581 ISK. From a start-to-finish perspective, comparing the January average rate of 36.6703 to the December average rate of 34.3048, the exchange rate registered a net change of -6.45% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 37.5234 was down 8.77% compared to the 2023 peak of 41.1307, 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 ISK 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 36.2504, compared to 34.6833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5671 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 1.7089 ISK (High: 37.0236 / Low: 35.3147). On the other end, December was the most stable month, with a tight range of 0.7604 ISK (High: 34.7546 / Low: 33.9942).
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 0.9143 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 36.7055) against the same month in 2023 (average: 38.7093), the exchange rate shifted by -2.0039 (-5.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 37.0364 | 35.8689 | 36.6703 |
| February | 36.9942 | 36.0531 | 36.5079 |
| March | 37.0236 | 35.3147 | 36.1224 |
| April | 37.5234 | 36.2155 | 36.7055 |
| May | 36.2913 | 35.2680 | 35.7912 |
| June | 36.1777 | 35.2396 | 35.7054 |
| July | 36.0647 | 34.9178 | 35.3215 |
| August | 35.8679 | 34.5879 | 35.0857 |
| September | 35.1547 | 33.8653 | 34.5823 |
| October | 35.0498 | 33.9045 | 34.4696 |
| November | 34.7019 | 33.9035 | 34.3360 |
| December | 34.7546 | 33.9942 | 34.3048 |