2023 BND to PEN Historical Review

YEARLY HIGH

2.9719 PEN

YEARLY LOW

2.6690 PEN

YEARLY AVERAGE

2.7864 PEN

2023 BND to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.9719. Conversely, the yearly low was recorded on July 1, dropping to 2.6690.

This high-to-low spread represents a total annual volatility of 0.3029 PEN. From a start-to-finish perspective, comparing the January average rate of 2.8816 to the December average rate of 2.8043, the exchange rate registered a net change of -2.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9719 was up 0.54% compared to the 2022 peak of 2.9558, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,859 PEN

2022 Average 13,903 PEN

Yearly Trough Low 13,345 PEN

Transaction Impact: A difference of 1,514.29 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9001

2.6780

JanuMarcMayJulySeptNove

BND to PEN 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 2.8113, compared to 2.7615 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0498 points.

H1 Avg (Jan–Jun) 2.8113

H2 Avg (Jul–Dec) 2.7615

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1628 PEN (High: 2.9719 / Low: 2.8091). On the other end, July was the most stable month, with a tight range of 0.0423 PEN (High: 2.7113 / Low: 2.6690).

January Spread (Volatile) ±0.1628

July Spread (Stable) ±0.0423

Growth Streaks & Declines

Trends

Between July and October, 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 0.0730 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0730

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.8816) against the same month in 2022 (average: 2.8831), the exchange rate shifted by -0.0015 (-0.05%).

2023 Avg (January) 2.8816

2022 Avg (January) 2.8831

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9719	2.8091	2.8816
February	2.9404	2.8204	2.8816
March	2.8437	2.7935	2.8193
April	2.8513	2.7709	2.8245
May	2.7974	2.7107	2.7515
June	2.7402	2.6690	2.7093
July	2.7113	2.6690	2.6965
August	2.7526	2.7032	2.7334
September	2.7823	2.7129	2.7335
October	2.8263	2.7606	2.8048
November	2.8653	2.7722	2.7965
December	2.8468	2.7829	2.8043