2024 SGD to PGK Historical Review

YEARLY HIGH

3.1045 PGK

YEARLY LOW

2.7593 PGK

YEARLY AVERAGE

2.9133 PGK

2024 SGD to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SGD to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 3.1045. Conversely, the yearly low was recorded on January 25, dropping to 2.7593.

This high-to-low spread represents a total annual volatility of 0.3453 PGK. From a start-to-finish perspective, comparing the January average rate of 2.7949 to the December average rate of 2.9924, the exchange rate registered a net change of 7.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.1045 was up 8.43% compared to the 2023 peak of 2.8631, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SGD based on timing:

Yearly Peak High 15,523 PGK

2023 Average 13,411 PGK

Yearly Trough Low 13,796 PGK

Transaction Impact: A difference of 1,726.44 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.0824

2.7688

JanuMarcMayJulySeptNove

SGD to PGK 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 2.8318, compared to 2.9948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1630 points.

H1 Avg (Jan–Jun) 2.8318

H2 Avg (Jul–Dec) 2.9948

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.1137 PGK (High: 3.1018 / Low: 2.9881). On the other end, May was the most stable month, with a tight range of 0.0517 PGK (High: 2.8884 / Low: 2.8366).

October Spread (Volatile) ±0.1137

May Spread (Stable) ±0.0517

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0273 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0273

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3.0562) against the same month in 2023 (average: 2.6733), the exchange rate shifted by +0.3829 (+14.32%).

2024 Avg (September) 3.0562

2023 Avg (September) 2.6733

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8727	2.7593	2.7949
February	2.8381	2.7690	2.8050
March	2.8712	2.7737	2.8320
April	2.8465	2.7736	2.8155
May	2.8884	2.8366	2.8710
June	2.8910	2.8367	2.8724
July	2.9394	2.8361	2.8975
August	3.0383	2.9286	2.9850
September	3.1045	3.0112	3.0562
October	3.1018	2.9881	3.0289
November	3.0538	2.9717	3.0091
December	3.0206	2.9356	2.9924