2024 PGK to KMF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to KMF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to KMF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 122.7930. Conversely, the yearly low was recorded on September 25, dropping to 110.7203.
This high-to-low spread represents a total annual volatility of 12.0728 KMF. From a start-to-finish perspective, comparing the January average rate of 120.8930 to the December average rate of 116.2507, the exchange rate registered a net change of -3.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 122.7930 was down 7.59% compared to the 2023 peak of 132.8829, 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 KMF 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 119.3908, compared to 114.6043 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.7864 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 5.3886 KMF (High: 122.7930 / Low: 117.4045). On the other end, September was the most stable month, with a tight range of 2.7990 KMF (High: 113.5192 / Low: 110.7203).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.5723 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 120.8930) against the same month in 2023 (average: 129.7347), the exchange rate shifted by -8.8417 (-6.82%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 122.7930 | 117.4045 | 120.8930 |
| February | 122.5784 | 119.3604 | 120.8787 |
| March | 121.8550 | 117.6678 | 119.2924 |
| April | 122.4803 | 118.2467 | 120.1061 |
| May | 119.5285 | 116.2380 | 117.5338 |
| June | 119.6156 | 116.2222 | 117.6405 |
| July | 119.2591 | 115.0171 | 116.5022 |
| August | 116.3100 | 111.6425 | 113.9315 |
| September | 113.5192 | 110.7203 | 112.0171 |
| October | 115.8185 | 111.3510 | 113.7646 |
| November | 117.3837 | 112.2758 | 115.1598 |
| December | 118.2949 | 115.1076 | 116.2507 |