2024 TRY to PGK Historical Review

YEARLY HIGH

0.1283 PGK

YEARLY LOW

0.1122 PGK

YEARLY AVERAGE

0.1185 PGK

2024 TRY to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1283. Conversely, the yearly low was recorded on August 26, dropping to 0.1122.

This high-to-low spread represents a total annual volatility of 0.0161 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1241 to the December average rate of 0.1155, the exchange rate registered a net change of -6.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1283 was down 32.22% compared to the 2023 peak of 0.1893, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 6,415 PGK

2023 Average 7,775 PGK

Yearly Trough Low 5,610 PGK

Transaction Impact: A difference of 805.58 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1249

0.1146

JanuMarcMayJulySeptNove

TRY 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 0.1204, compared to 0.1165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.1204

H2 Avg (Jul–Dec) 0.1165

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0064 PGK (High: 0.1185 / Low: 0.1122). On the other end, November was the most stable month, with a tight range of 0.0019 PGK (High: 0.1173 / Low: 0.1154).

August Spread (Volatile) ±0.0064

November Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0040 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1241) against the same month in 2023 (average: 0.1876), the exchange rate shifted by -0.0635 (-33.85%).

2024 Avg (January) 0.1241

2023 Avg (January) 0.1876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1283	0.1221	0.1241
February	0.1239	0.1203	0.1225
March	0.1209	0.1162	0.1185
April	0.1199	0.1163	0.1181
May	0.1211	0.1188	0.1202
June	0.1209	0.1173	0.1192
July	0.1195	0.1168	0.1184
August	0.1185	0.1122	0.1165
September	0.1170	0.1145	0.1162
October	0.1170	0.1147	0.1159
November	0.1173	0.1154	0.1167
December	0.1164	0.1135	0.1155