2024 PGK to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 6024.5505. Conversely, the yearly low was recorded on December 31, dropping to 5484.5415.
This high-to-low spread represents a total annual volatility of 540.0090 STD. From a start-to-finish perspective, comparing the January average rate of 5968.1418 to the December average rate of 5511.5795, the exchange rate registered a net change of -7.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 6024.5505 was down 8.28% compared to the 2023 peak of 6568.4480, 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 STD 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 5842.0285, compared to 5613.9909 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 228.0376 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 208.8091 STD (High: 5835.7138 / Low: 5626.9047). On the other end, May was the most stable month, with a tight range of 60.9182 STD (High: 5780.2305 / Low: 5719.3123).
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 April and May, when the average rate fell by 85.3214 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 5968.1418) against the same month in 2023 (average: 6478.6728), the exchange rate shifted by -510.5310 (-7.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6024.5505 | 5876.6375 | 5968.1418 |
| February | 5985.9497 | 5845.8402 | 5906.0055 |
| March | 5973.5928 | 5818.5485 | 5866.1765 |
| April | 5900.1973 | 5758.2391 | 5830.8081 |
| May | 5780.2305 | 5719.3123 | 5745.4867 |
| June | 5803.7400 | 5691.3921 | 5735.5526 |
| July | 5801.6607 | 5672.7409 | 5714.8790 |
| August | 5835.7138 | 5626.9047 | 5675.0135 |
| September | 5701.2947 | 5579.9750 | 5627.4696 |
| October | 5673.6133 | 5555.7398 | 5613.3215 |
| November | 5592.7511 | 5499.5417 | 5541.6822 |
| December | 5586.4552 | 5484.5415 | 5511.5795 |