2024 PGK to SGD Historical Review

YEARLY HIGH

0.3624 SGD

YEARLY LOW

0.3221 SGD

YEARLY AVERAGE

0.3436 SGD

2024 PGK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PGK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 0.3624. Conversely, the yearly low was recorded on September 28, dropping to 0.3221.

This high-to-low spread represents a total annual volatility of 0.0403 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3578 to the December average rate of 0.3342, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3624 was down 6.13% compared to the 2023 peak of 0.3861, 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 1,812 SGD

2023 Average 1,865 SGD

Yearly Trough Low 1,611 SGD

Transaction Impact: A difference of 201.54 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3609

0.3242

JanuMarcMayJulySeptNove

PGK to SGD 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 0.3532, compared to 0.3340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0192 points.

H1 Avg (Jan–Jun) 0.3532

H2 Avg (Jul–Dec) 0.3340

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.0143 SGD (High: 0.3624 / Low: 0.3481). On the other end, May was the most stable month, with a tight range of 0.0063 SGD (High: 0.3525 / Low: 0.3462).

January Spread (Volatile) ±0.0143

May Spread (Stable) ±0.0063

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 July and August, when the average rate fell by 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.3578) against the same month in 2023 (average: 0.3760), the exchange rate shifted by -0.0182 (-4.84%).

2024 Avg (January) 0.3578

2023 Avg (January) 0.3760

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3624	0.3481	0.3578
February	0.3611	0.3523	0.3565
March	0.3605	0.3483	0.3531
April	0.3605	0.3513	0.3552
May	0.3525	0.3462	0.3483
June	0.3525	0.3459	0.3482
July	0.3526	0.3402	0.3452
August	0.3415	0.3291	0.3350
September	0.3321	0.3221	0.3272
October	0.3347	0.3224	0.3302
November	0.3365	0.3275	0.3323
December	0.3407	0.3311	0.3342