2024 PGK to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3259.8394. Conversely, the yearly low was recorded on December 19, dropping to 619.7435.
This high-to-low spread represents a total annual volatility of 2640.0959 SYP. From a start-to-finish perspective, comparing the January average rate of 672.9768 to the December average rate of 1542.2251, the exchange rate registered a net change of 129.16% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3259.8394 was up 350.83% compared to the 2023 peak of 723.0735, 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 SYP 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 658.7561, compared to 786.4974 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 127.7413 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 2640.0959 SYP (High: 3259.8394 / Low: 619.7435). On the other end, May was the most stable month, with a tight range of 6.8692 SYP (High: 651.7877 / Low: 644.9184).
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 9.6210 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1542.2251) against the same month in 2023 (average: 671.6686), the exchange rate shifted by +870.5566 (+129.61%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 679.3376 | 662.6587 | 672.9768 |
| February | 674.9849 | 659.1859 | 665.9703 |
| March | 673.5915 | 656.1085 | 661.4791 |
| April | 665.3153 | 649.3079 | 657.4909 |
| May | 651.7877 | 644.9184 | 647.8699 |
| June | 654.4386 | 641.7701 | 646.7497 |
| July | 654.2042 | 639.6670 | 644.4185 |
| August | 658.0441 | 634.4984 | 639.9232 |
| September | 642.8868 | 629.2066 | 634.5621 |
| October | 639.7654 | 626.4738 | 632.9668 |
| November | 630.6472 | 620.1368 | 624.8886 |
| December | 3259.8394 | 619.7435 | 1542.2251 |