2024 PGK to LKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to LKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 86.8061. Conversely, the yearly low was recorded on December 13, dropping to 71.7055.
This high-to-low spread represents a total annual volatility of 15.1006 LKR. From a start-to-finish perspective, comparing the January average rate of 85.9840 to the December average rate of 72.1550, the exchange rate registered a net change of -16.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 86.8061 was down 16.96% compared to the 2023 peak of 104.5311, 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 LKR 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 80.4526, compared to 74.8265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.6261 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 4.6500 LKR (High: 83.1332 / Low: 78.4831). On the other end, May was the most stable month, with a tight range of 1.1083 LKR (High: 77.7817 / Low: 76.6734).
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 January and February, when the average rate fell by 3.1977 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 85.9840) against the same month in 2023 (average: 103.8101), the exchange rate shifted by -17.8261 (-17.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 86.8061 | 83.8096 | 85.9840 |
| February | 84.7449 | 81.3730 | 82.7863 |
| March | 83.1332 | 78.4831 | 80.2907 |
| April | 79.4763 | 76.6844 | 78.2427 |
| May | 77.7817 | 76.6734 | 77.1681 |
| June | 79.5244 | 77.1985 | 78.2438 |
| July | 79.3942 | 76.9891 | 77.8609 |
| August | 78.8103 | 75.6654 | 76.4047 |
| September | 77.9442 | 74.4799 | 75.9831 |
| October | 74.7331 | 73.1242 | 73.9476 |
| November | 73.4399 | 72.0461 | 72.6077 |
| December | 73.4252 | 71.7055 | 72.1550 |