2024 PGK to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PGK to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PGK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 26, valuing the pair at 709.8001. Conversely, the yearly low was recorded on December 16, dropping to 581.2815.
This high-to-low spread represents a total annual volatility of 128.5186 TZS. From a start-to-finish perspective, comparing the January average rate of 675.1024 to the December average rate of 610.1884, the exchange rate registered a net change of -9.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 709.8001 was down 0.26% compared to the 2023 peak of 711.6477, 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 TZS 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 673.4573, compared to 670.3891 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0682 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 75.1183 TZS (High: 656.3998 / Low: 581.2815). On the other end, May was the most stable month, with a tight range of 10.3494 TZS (High: 675.5807 / Low: 665.2312).
Growth Streaks & Declines
TrendsBetween May and August, 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 November and December, when the average rate fell by 53.0825 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 688.9199) against the same month in 2023 (average: 689.6236), the exchange rate shifted by -0.7037 (-0.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 686.3076 | 664.9691 | 675.1024 |
| February | 683.1298 | 664.0153 | 673.4376 |
| March | 683.3680 | 667.1723 | 672.2005 |
| April | 684.2614 | 669.3283 | 675.9685 |
| May | 675.5807 | 665.2312 | 669.1107 |
| June | 695.9391 | 668.3772 | 674.9241 |
| July | 695.4963 | 677.5941 | 685.3195 |
| August | 709.8001 | 684.6217 | 688.9199 |
| September | 697.4359 | 684.1326 | 688.3581 |
| October | 693.7883 | 676.8558 | 686.2777 |
| November | 679.0624 | 654.3793 | 663.2709 |
| December | 656.3998 | 581.2815 | 610.1884 |