2024 ZAR to PGK Historical Review

YEARLY HIGH

0.2324 PGK

YEARLY LOW

0.1940 PGK

YEARLY AVERAGE

0.2126 PGK

2024 ZAR to PGK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to PGK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.2324. Conversely, the yearly low was recorded on January 22, dropping to 0.1940.

This high-to-low spread represents a total annual volatility of 0.0384 PGK. From a start-to-finish perspective, comparing the January average rate of 0.1991 to the December average rate of 0.2217, the exchange rate registered a net change of 11.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2324 was up 10.44% compared to the 2023 peak of 0.2105, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,621 PGK

2023 Average 9,768 PGK

Yearly Trough Low 9,701 PGK

Transaction Impact: A difference of 1,920.38 PGK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2287

0.1956

JanuMarcMayJulySeptNove

ZAR 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 0.2039, compared to 0.2213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0175 points.

H1 Avg (Jan–Jun) 0.2039

H2 Avg (Jul–Dec) 0.2213

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0157 PGK (High: 0.2230 / Low: 0.2073). On the other end, February was the most stable month, with a tight range of 0.0069 PGK (High: 0.2014 / Low: 0.1944).

August Spread (Volatile) ±0.0157

February Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0022 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2251) against the same month in 2023 (average: 0.1922), the exchange rate shifted by +0.0329 (+17.13%).

2024 Avg (September) 0.2251

2023 Avg (September) 0.1922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2069	0.1940	0.1991
February	0.2014	0.1944	0.1984
March	0.2060	0.1957	0.2015
April	0.2075	0.1970	0.2024
May	0.2151	0.2072	0.2107
June	0.2179	0.2029	0.2111
July	0.2176	0.2070	0.2139
August	0.2230	0.2073	0.2174
September	0.2324	0.2192	0.2251
October	0.2299	0.2224	0.2259
November	0.2319	0.2198	0.2239
December	0.2283	0.2133	0.2217