2024 PGK to NOK Historical Review

YEARLY HIGH

2.9109 NOK

YEARLY LOW

2.6382 NOK

YEARLY AVERAGE

2.7634 NOK

2024 PGK to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 2.9109. Conversely, the yearly low was recorded on September 21, dropping to 2.6382.

This high-to-low spread represents a total annual volatility of 0.2726 NOK. From a start-to-finish perspective, comparing the January average rate of 2.7856 to the December average rate of 2.7781, the exchange rate registered a net change of -0.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9109 was down 7.64% compared to the 2023 peak of 3.1517, 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 14,554 NOK

2023 Average 14,665 NOK

Yearly Trough Low 13,191 NOK

Transaction Impact: A difference of 1,363.10 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8720

2.6620

JanuMarcMayJulySeptNove

PGK to NOK 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 2.7890, compared to 2.7378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0512 points.

H1 Avg (Jan–Jun) 2.7890

H2 Avg (Jul–Dec) 2.7378

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1633 NOK (High: 2.8592 / Low: 2.6960). On the other end, November was the most stable month, with a tight range of 0.0780 NOK (High: 2.7872 / Low: 2.7092).

May Spread (Volatile) ±0.1633

November Spread (Stable) ±0.0780

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.0848 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0848

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.8545) against the same month in 2023 (average: 2.9797), the exchange rate shifted by -0.1252 (-4.20%).

2024 Avg (April) 2.8545

2023 Avg (April) 2.9797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8240	2.6862	2.7856
February	2.8518	2.7445	2.7965
March	2.8621	2.7306	2.7951
April	2.9109	2.7881	2.8545
May	2.8592	2.6960	2.7697
June	2.7889	2.6868	2.7326
July	2.8515	2.7109	2.7690
August	2.8093	2.6485	2.7250
September	2.7550	2.6382	2.6795
October	2.7804	2.6561	2.7272
November	2.7872	2.7092	2.7480
December	2.8537	2.7299	2.7781