2024 PGK to QAR Historical Review

YEARLY HIGH

0.9843 QAR

YEARLY LOW

0.8961 QAR

YEARLY AVERAGE

0.9365 QAR

2024 PGK to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.9843. Conversely, the yearly low was recorded on December 26, dropping to 0.8961.

This high-to-low spread represents a total annual volatility of 0.0882 QAR. From a start-to-finish perspective, comparing the January average rate of 0.9758 to the December average rate of 0.9011, the exchange rate registered a net change of -7.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9843 was down 5.80% compared to the 2023 peak of 1.0449, 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 4,922 QAR

2023 Average 5,060 QAR

Yearly Trough Low 4,480 QAR

Transaction Impact: A difference of 441.14 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9833

0.8936

JanuMarcMayJulySeptNove

PGK to QAR 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 0.9552, compared to 0.9178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0374 points.

H1 Avg (Jan–Jun) 0.9552

H2 Avg (Jul–Dec) 0.9178

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0353 QAR (High: 0.9539 / Low: 0.9186). On the other end, May was the most stable month, with a tight range of 0.0096 QAR (High: 0.9445 / Low: 0.9349).

August Spread (Volatile) ±0.0353

May Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0138 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.9758) against the same month in 2023 (average: 1.0344), the exchange rate shifted by -0.0585 (-5.66%).

2024 Avg (January) 0.9758

2023 Avg (January) 1.0344

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9843	0.9636	0.9758
February	0.9782	0.9551	0.9658
March	0.9761	0.9508	0.9588
April	0.9636	0.9418	0.9532
May	0.9445	0.9349	0.9394
June	0.9500	0.9300	0.9380
July	0.9478	0.9271	0.9346
August	0.9539	0.9186	0.9267
September	0.9314	0.9120	0.9200
October	0.9278	0.9084	0.9183
November	0.9138	0.8986	0.9060
December	0.9148	0.8961	0.9011