2024 PGK to NZD Historical Review

YEARLY HIGH

0.4484 NZD

YEARLY LOW

0.3962 NZD

YEARLY AVERAGE

0.4250 NZD

2024 PGK to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.4484. Conversely, the yearly low was recorded on September 29, dropping to 0.3962.

This high-to-low spread represents a total annual volatility of 0.0522 NZD. From a start-to-finish perspective, comparing the January average rate of 0.4339 to the December average rate of 0.4312, the exchange rate registered a net change of -0.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4484 was down 6.52% compared to the 2023 peak of 0.4797, 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 2,242 NZD

2023 Average 2,262 NZD

Yearly Trough Low 1,981 NZD

Transaction Impact: A difference of 261.17 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4430

0.4023

JanuMarcMayJulySeptNove

PGK to NZD 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 0.4306, compared to 0.4194 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 0.4306

H2 Avg (Jul–Dec) 0.4194

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0275 NZD (High: 0.4310 / Low: 0.4034). On the other end, June was the most stable month, with a tight range of 0.0120 NZD (High: 0.4265 / Low: 0.4145).

August Spread (Volatile) ±0.0275

June Spread (Stable) ±0.0120

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 0.0148 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.4396) against the same month in 2023 (average: 0.4567), the exchange rate shifted by -0.0171 (-3.75%).

2024 Avg (April) 0.4396

2023 Avg (April) 0.4567

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4432	0.4177	0.4339
February	0.4431	0.4232	0.4326
March	0.4438	0.4241	0.4334
April	0.4484	0.4307	0.4396
May	0.4367	0.4174	0.4248
June	0.4265	0.4145	0.4197
July	0.4390	0.4172	0.4252
August	0.4310	0.4034	0.4186
September	0.4137	0.3962	0.4057
October	0.4202	0.3984	0.4147
November	0.4284	0.4138	0.4210
December	0.4449	0.4205	0.4312