YEARLY HIGH
4.2978 ZAR
YEARLY LOW
3.4457 ZAR
YEARLY AVERAGE
3.8185 ZAR

2021 PEN to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 4.2978. Conversely, the yearly low was recorded on September 13, dropping to 3.4457.

This high-to-low spread represents a total annual volatility of 0.8521 ZAR. From a start-to-finish perspective, comparing the January average rate of 4.1678 to the December average rate of 3.9269, the exchange rate registered a net change of -5.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.2978 was down 24.15% compared to the 2020 peak of 5.6663, 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 21,489 ZAR
2020 Average 23,581 ZAR
Yearly Trough Low 17,228 ZAR
Transaction Impact: A difference of 4,260.63 ZAR purely based on transaction execution date.

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4.2297
3.4868
JanuMarcMayJulySeptNove

PEN to ZAR 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 3.9100, compared to 3.7270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1830 points.

H1 Avg (Jan–Jun) 3.9100
H2 Avg (Jul–Dec) 3.7270

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.3412 ZAR (High: 4.0671 / Low: 3.7259). On the other end, December was the most stable month, with a tight range of 0.1695 ZAR (High: 4.0202 / Low: 3.8507).

April Spread (Volatile) Âą0.3412
December Spread (Stable) Âą0.1695

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 0.1807 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1807

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 4.1678) against the same month in 2020 (average: 4.3319), the exchange rate shifted by -0.1642 (-3.79%).

2021 Avg (January) 4.1678
2020 Avg (January) 4.3319

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Month High Low Average
January 4.2978 4.0283 4.1678
February 4.1440 3.9626 4.0513
March 4.1945 3.9317 4.0428
April 4.0671 3.7259 3.9104
May 3.8662 3.5729 3.7297
June 3.6614 3.4603 3.5581
July 3.7818 3.5856 3.6848
August 3.7333 3.5434 3.6276
September 3.6749 3.4457 3.5487
October 3.8333 3.5914 3.7032
November 4.0382 3.7165 3.8710
December 4.0202 3.8507 3.9269