2024 PGK to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 25, valuing the pair at 460.0568. Conversely, the yearly low was recorded on December 31, dropping to 426.8464.
This high-to-low spread represents a total annual volatility of 33.2103 MWK. From a start-to-finish perspective, comparing the January average rate of 450.7027 to the December average rate of 428.8188, the exchange rate registered a net change of -4.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 460.0568 was up 1.50% compared to the 2023 peak of 453.2701, 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 MWK 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 448.5834, compared to 436.9183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.6651 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 20.0280 MWK (High: 460.0568 / Low: 440.0288). On the other end, November was the most stable month, with a tight range of 6.3758 MWK (High: 434.8513 / Low: 428.4755).
Growth Streaks & Declines
TrendsBetween February and April, 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 April and May, when the average rate fell by 6.8746 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 447.2794) against the same month in 2023 (average: 291.5437), the exchange rate shifted by +155.7357 (+53.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 455.0582 | 445.2250 | 450.7027 |
| February | 452.1337 | 441.2647 | 446.2121 |
| March | 460.0568 | 440.0288 | 447.2794 |
| April | 458.5124 | 449.0468 | 453.9772 |
| May | 451.0502 | 444.4664 | 447.1026 |
| June | 451.9154 | 442.5287 | 446.2266 |
| July | 450.3362 | 441.5275 | 444.5929 |
| August | 454.3870 | 438.5287 | 441.1452 |
| September | 442.9901 | 435.6419 | 438.1876 |
| October | 441.5607 | 432.5148 | 437.2375 |
| November | 434.8513 | 428.4755 | 431.5279 |
| December | 435.2616 | 426.8464 | 428.8188 |