2024 PGK to PKR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to PKR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 75.8235. Conversely, the yearly low was recorded on December 30, dropping to 68.5561.
This high-to-low spread represents a total annual volatility of 7.2674 PKR. From a start-to-finish perspective, comparing the January average rate of 74.9765 to the December average rate of 68.7887, the exchange rate registered a net change of -8.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 75.8235 was down 11.90% compared to the 2023 peak of 86.0693, 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 PKR 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 73.0786, compared to 70.0796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9990 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 2.5010 PKR (High: 72.9310 / Low: 70.4299). On the other end, May was the most stable month, with a tight range of 0.8414 PKR (High: 72.2470 / Low: 71.4056).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.0228 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 74.9765) against the same month in 2023 (average: 66.3477), the exchange rate shifted by +8.6288 (+13.01%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 75.8235 | 73.5789 | 74.9765 |
| February | 75.1242 | 72.7032 | 73.9537 |
| March | 74.9320 | 72.5997 | 73.3549 |
| April | 73.5647 | 71.9063 | 72.7642 |
| May | 72.2470 | 71.4056 | 71.7459 |
| June | 72.5279 | 71.1558 | 71.6763 |
| July | 72.3107 | 70.9314 | 71.3806 |
| August | 72.9310 | 70.4299 | 70.9073 |
| September | 70.9828 | 69.5834 | 70.2785 |
| October | 70.7183 | 69.2983 | 70.0009 |
| November | 69.6164 | 68.6400 | 69.1215 |
| December | 69.8766 | 68.5561 | 68.7887 |