2024 PGK to MGA Historical Review

YEARLY HIGH

1234.3667 MGA

YEARLY LOW

1135.3873 MGA

YEARLY AVERAGE

1165.6378 MGA

2024 PGK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 1234.3667. Conversely, the yearly low was recorded on April 3, dropping to 1135.3873.

This high-to-low spread represents a total annual volatility of 98.9794 MGA. From a start-to-finish perspective, comparing the January average rate of 1222.4184 to the December average rate of 1162.4930, the exchange rate registered a net change of -4.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1234.3667 was down 4.32% compared to the 2023 peak of 1290.1454, 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 6,171,834 MGA

2023 Average 6,179,741 MGA

Yearly Trough Low 5,676,937 MGA

Transaction Impact: A difference of 494,896.78 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1230.3661

1134.9941

JanuMarcMayJulySeptNove

PGK to MGA 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 1174.3921, compared to 1156.8834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.5087 points.

H1 Avg (Jan–Jun) 1174.3921

H2 Avg (Jul–Dec) 1156.8834

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 71.9655 MGA (High: 1213.1205 / Low: 1141.1550). On the other end, May was the most stable month, with a tight range of 15.7977 MGA (High: 1151.8021 / Low: 1136.0043).

March Spread (Volatile) ±71.9655

May Spread (Stable) ±15.7977

Growth Streaks & Declines

Trends

Between May and August, 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 February and March, when the average rate fell by 27.2221 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -27.2221

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1222.4184) against the same month in 2023 (average: 1248.5875), the exchange rate shifted by -26.1691 (-2.10%).

2024 Avg (January) 1222.4184

2023 Avg (January) 1248.5875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1234.3667	1198.5167	1222.4184
February	1221.9331	1187.7391	1203.3511
March	1213.1205	1141.1550	1176.1290
April	1166.6395	1135.3873	1150.3260
May	1151.8021	1136.0043	1142.9418
June	1165.3427	1139.8930	1151.1863
July	1174.6449	1142.9228	1155.4718
August	1196.9515	1148.0722	1162.8159
September	1161.4727	1135.5445	1147.2866
October	1169.6897	1137.4090	1156.5058
November	1166.4023	1146.6570	1156.7276
December	1177.5543	1148.6321	1162.4930