2024 PGK to MMK Historical Review

YEARLY HIGH

829.5732 MMK

YEARLY LOW

516.4111 MMK

YEARLY AVERAGE

545.2562 MMK

2024 PGK to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 20, valuing the pair at 829.5732. Conversely, the yearly low was recorded on December 31, dropping to 516.4111.

This high-to-low spread represents a total annual volatility of 313.1621 MMK. From a start-to-finish perspective, comparing the January average rate of 562.3717 to the December average rate of 518.9569, the exchange rate registered a net change of -7.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 829.5732 was up 38.95% compared to the 2023 peak of 597.0284, 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 4,147,866 MMK

2023 Average 2,915,495 MMK

Yearly Trough Low 2,582,055 MMK

Transaction Impact: A difference of 1,565,810.53 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

590.2873

512.4723

JanuMarcMayJulySeptNove

PGK to MMK 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 554.2953, compared to 536.2170 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.0784 points.

H1 Avg (Jan–Jun) 554.2953

H2 Avg (Jul–Dec) 536.2170

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 295.4417 MMK (High: 829.5732 / Low: 534.1315). On the other end, May was the most stable month, with a tight range of 5.2157 MMK (High: 544.2042 / Low: 538.9885).

July Spread (Volatile) ±295.4417

May Spread (Stable) ±5.2157

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 49.4572 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -49.4572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 583.8027) against the same month in 2023 (average: 587.3694), the exchange rate shifted by -3.5667 (-0.61%).

2024 Avg (July) 583.8027

2023 Avg (July) 587.3694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	568.0525	555.4219	562.3717
February	564.2601	550.4800	556.7213
March	562.7413	548.4116	552.5634
April	554.5829	544.0475	549.3099
May	544.2042	538.9885	541.3205
June	645.6012	535.4866	563.4853
July	829.5732	534.1315	583.8027
August	549.4766	529.8156	534.3454
September	536.8200	525.3969	529.8688
October	534.2136	523.1149	528.5367
November	526.5998	517.8234	521.7913
December	526.0070	516.4111	518.9569