2024 PGK to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 243.3419. Conversely, the yearly low was recorded on December 31, dropping to 221.5300.
This high-to-low spread represents a total annual volatility of 21.8119 KPW. From a start-to-finish perspective, comparing the January average rate of 241.0635 to the December average rate of 222.6221, the exchange rate registered a net change of -7.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 243.3419 was down 6.05% compared to the 2023 peak of 259.0083, 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 KPW 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 235.9695, compared to 226.7587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.2108 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 8.4342 KPW (High: 235.7145 / Low: 227.2803). On the other end, May was the most stable month, with a tight range of 2.4606 KPW (High: 233.4734 / Low: 231.0128).
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 3.4463 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 241.0635) against the same month in 2023 (average: 255.4683), the exchange rate shifted by -14.4048 (-5.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 243.3419 | 237.3674 | 241.0635 |
| February | 241.7827 | 236.1235 | 238.5537 |
| March | 241.2836 | 235.0211 | 236.9449 |
| April | 238.3191 | 232.5851 | 235.5163 |
| May | 233.4734 | 231.0128 | 232.0700 |
| June | 234.4230 | 229.8851 | 231.6688 |
| July | 234.3390 | 229.1317 | 230.8337 |
| August | 235.7145 | 227.2803 | 229.2235 |
| September | 230.2850 | 225.3847 | 227.3031 |
| October | 229.1669 | 224.4058 | 226.7317 |
| November | 225.9008 | 222.1359 | 223.8380 |
| December | 225.6465 | 221.5300 | 222.6221 |