2024 PGK to JMD Historical Review

YEARLY HIGH

42.1191 JMD

YEARLY LOW

38.3200 JMD

YEARLY AVERAGE

40.1931 JMD

2024 PGK to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 42.1191. Conversely, the yearly low was recorded on December 30, dropping to 38.3200.

This high-to-low spread represents a total annual volatility of 3.7991 JMD. From a start-to-finish perspective, comparing the January average rate of 41.5349 to the December average rate of 38.6914, the exchange rate registered a net change of -6.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 42.1191 was down 4.40% compared to the 2023 peak of 44.0595, 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 210,595 JMD

2023 Average 213,957 JMD

Yearly Trough Low 191,600 JMD

Transaction Impact: A difference of 18,995.44 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

41.8193

38.4071

JanuMarcMayJulySeptNove

PGK to JMD 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 40.7717, compared to 39.6145 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1571 points.

H1 Avg (Jan–Jun) 40.7717

H2 Avg (Jul–Dec) 39.6145

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.6103 JMD (High: 41.8012 / Low: 40.1910). On the other end, May was the most stable month, with a tight range of 0.6702 JMD (High: 40.6140 / Low: 39.9438).

March Spread (Volatile) ±1.6103

May Spread (Stable) ±0.6702

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 February and March, when the average rate fell by 0.7559 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.7559

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 41.5349) against the same month in 2023 (average: 43.3944), the exchange rate shifted by -1.8595 (-4.29%).

2024 Avg (January) 41.5349

2023 Avg (January) 43.3944

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.1191	40.8620	41.5349
February	42.0498	40.9730	41.4505
March	41.8012	40.1910	40.6945
April	41.0459	39.9298	40.5819
May	40.6140	39.9438	40.2975
June	40.5912	39.7726	40.0707
July	40.5782	39.8048	40.1045
August	40.9945	39.6069	39.9061
September	40.3025	39.3381	39.6673
October	40.4015	39.3616	39.8996
November	39.7371	39.0547	39.4183
December	39.1596	38.3200	38.6914