YEARLY HIGH
25.9401 CVE
YEARLY LOW
22.6767 CVE
YEARLY AVERAGE
24.1557 CVE

2021 PEN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 25.9401. Conversely, the yearly low was recorded on September 5, dropping to 22.6767.

This high-to-low spread represents a total annual volatility of 3.2634 CVE. From a start-to-finish perspective, comparing the January average rate of 25.0796 to the December average rate of 24.2354, the exchange rate registered a net change of -3.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 25.9401 was down 64.02% compared to the 2020 peak of 72.0938, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 129,701 CVE
2020 Average 139,759 CVE
Yearly Trough Low 113,384 CVE
Transaction Impact: A difference of 16,317.00 CVE purely based on transaction execution date.

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25.3420
22.6290
JanuMarcMayJulySeptNove

PEN to CVE 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 24.6888, compared to 23.6226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0662 points.

H1 Avg (Jan–Jun) 24.6888
H2 Avg (Jul–Dec) 23.6226

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 1.9956 CVE (High: 25.9401 / Low: 23.9446). On the other end, March was the most stable month, with a tight range of 0.3033 CVE (High: 25.2321 / Low: 24.9288).

April Spread (Volatile) Âą1.9956
March Spread (Stable) Âą0.3033

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.9111 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.9111

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 25.1136) against the same month in 2020 (average: 29.9507), the exchange rate shifted by -4.8371 (-16.15%).

2021 Avg (April) 25.1136
2020 Avg (April) 29.9507

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Month High Low Average
January 25.3144 24.8840 25.0796
February 25.3934 24.9451 25.1160
March 25.2321 24.9288 25.1117
April 25.9401 23.9446 25.1136
May 25.0342 23.5734 24.2024
June 24.0775 23.1666 23.5095
July 24.1648 23.4721 23.7926
August 23.7470 22.8168 22.9984
September 23.0872 22.6767 22.8551
October 24.3597 23.0639 23.7429
November 24.6164 23.6910 24.1111
December 24.6010 23.9363 24.2354