2024 CAD to PEN Historical Review

YEARLY HIGH

2.8772 PEN

YEARLY LOW

2.5800 PEN

YEARLY AVERAGE

2.7395 PEN

2024 CAD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CAD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 2.8772. Conversely, the yearly low was recorded on December 21, dropping to 2.5800.

This high-to-low spread represents a total annual volatility of 0.2972 PEN. From a start-to-finish perspective, comparing the January average rate of 2.7808 to the December average rate of 2.6168, the exchange rate registered a net change of -5.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8772 was down 1.79% compared to the 2023 peak of 2.9298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,386 PEN

2023 Average 13,850 PEN

Yearly Trough Low 12,900 PEN

Transaction Impact: A difference of 1,486.18 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8593

2.5947

JanuMarcMayJulySeptNove

CAD 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 2.7613, compared to 2.7177 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0436 points.

H1 Avg (Jan–Jun) 2.7613

H2 Avg (Jul–Dec) 2.7177

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.1143 PEN (High: 2.8110 / Low: 2.6967). On the other end, October was the most stable month, with a tight range of 0.0551 PEN (High: 2.7541 / Low: 2.6990).

July Spread (Volatile) ±0.1143

October Spread (Stable) ±0.0551

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0937 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0937

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.8373) against the same month in 2023 (average: 2.8518), the exchange rate shifted by -0.0145 (-0.51%).

2024 Avg (February) 2.8373

2023 Avg (February) 2.8518

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8455	2.7447	2.7808
February	2.8772	2.7847	2.8373
March	2.7873	2.6957	2.7435
April	2.7575	2.6739	2.7161
May	2.7520	2.6957	2.7300
June	2.8006	2.7215	2.7602
July	2.8110	2.6967	2.7444
August	2.7844	2.6730	2.7332
September	2.8124	2.7474	2.7822
October	2.7541	2.6990	2.7259
November	2.7258	2.6679	2.7039
December	2.6699	2.5800	2.6168