2024 PGK to KHR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to KHR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1104.7722. Conversely, the yearly low was recorded on December 23, dropping to 988.5731.
This high-to-low spread represents a total annual volatility of 116.1991 KHR. From a start-to-finish perspective, comparing the January average rate of 1094.3504 to the December average rate of 994.9919, the exchange rate registered a net change of -9.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1104.7722 was down 6.14% compared to the 2023 peak of 1177.0407, 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 KHR 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 1068.7225, compared to 1024.7237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 43.9987 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 41.4329 KHR (High: 1067.4564 / Low: 1026.0235). On the other end, May was the most stable month, with a tight range of 8.2308 KHR (High: 1053.6443 / Low: 1045.4135).
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 October and November, when the average rate fell by 16.6474 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 1094.3504) against the same month in 2023 (average: 1167.9013), the exchange rate shifted by -73.5509 (-6.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1104.7722 | 1080.4653 | 1094.3504 |
| February | 1099.0369 | 1069.4288 | 1081.7797 |
| March | 1092.4787 | 1055.9703 | 1066.4243 |
| April | 1070.0332 | 1052.4014 | 1059.7714 |
| May | 1053.6443 | 1045.4135 | 1050.5448 |
| June | 1072.6430 | 1050.2601 | 1059.4640 |
| July | 1069.5802 | 1044.9114 | 1053.8273 |
| August | 1067.4564 | 1026.0235 | 1040.7621 |
| September | 1038.8282 | 1020.4230 | 1026.9978 |
| October | 1035.0098 | 1013.5083 | 1024.2054 |
| November | 1019.9056 | 997.8925 | 1007.5579 |
| December | 1008.2617 | 988.5731 | 994.9919 |