2024 PGK to TWD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to TWD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to TWD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 8.5897. Conversely, the yearly low was recorded on November 5, dropping to 7.9365.
This high-to-low spread represents a total annual volatility of 0.6532 TWD. From a start-to-finish perspective, comparing the January average rate of 8.3546 to the December average rate of 8.0576, the exchange rate registered a net change of -3.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 8.5897 was down 5.25% compared to the 2023 peak of 9.0656, 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 TWD 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 8.3593, compared to 8.1394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2199 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 0.3809 TWD (High: 8.4734 / Low: 8.0925). On the other end, November was the most stable month, with a tight range of 0.1694 TWD (High: 8.1060 / Low: 7.9365).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1586 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 8.4646) against the same month in 2023 (average: 8.6666), the exchange rate shifted by -0.2020 (-2.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.4734 | 8.0925 | 8.3546 |
| February | 8.4323 | 8.2343 | 8.3297 |
| March | 8.5030 | 8.2160 | 8.3408 |
| April | 8.5897 | 8.3524 | 8.4646 |
| May | 8.4276 | 8.2528 | 8.3279 |
| June | 8.4589 | 8.2634 | 8.3384 |
| July | 8.4780 | 8.2839 | 8.3691 |
| August | 8.3580 | 8.0529 | 8.2105 |
| September | 8.1831 | 7.9476 | 8.0700 |
| October | 8.2045 | 7.9592 | 8.0860 |
| November | 8.1060 | 7.9365 | 8.0432 |
| December | 8.2295 | 7.9885 | 8.0576 |