2023 PEN to AED Historical Review

YEARLY HIGH

1.0322 AED

YEARLY LOW

0.9414 AED

YEARLY AVERAGE

0.9824 AED

2023 PEN to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 1.0322. Conversely, the yearly low was recorded on January 26, dropping to 0.9414.

This high-to-low spread represents a total annual volatility of 0.0908 AED. From a start-to-finish perspective, comparing the January average rate of 0.9608 to the December average rate of 0.9830, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0322 was up 2.18% compared to the 2022 peak of 1.0102, 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 5,161 AED

2022 Average 4,793 AED

Yearly Trough Low 4,707 AED

Transaction Impact: A difference of 454.23 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0272

0.9504

JanuMarcMayJulySeptNove

PEN to AED 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 0.9787, compared to 0.9860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.9787

H2 Avg (Jul–Dec) 0.9860

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0339 AED (High: 1.0185 / Low: 0.9846). On the other end, May was the most stable month, with a tight range of 0.0174 AED (High: 1.0066 / Low: 0.9892).

August Spread (Volatile) ±0.0339

May Spread (Stable) ±0.0174

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0296 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0296

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0208) against the same month in 2022 (average: 0.9430), the exchange rate shifted by +0.0778 (+8.25%).

2023 Avg (July) 1.0208

2022 Avg (July) 0.9430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9750	0.9414	0.9608
February	0.9661	0.9432	0.9571
March	0.9830	0.9648	0.9724
April	0.9975	0.9702	0.9775
May	1.0066	0.9892	0.9969
June	1.0183	0.9930	1.0074
July	1.0322	1.0086	1.0208
August	1.0185	0.9846	0.9950
September	0.9945	0.9671	0.9864
October	0.9681	0.9472	0.9568
November	0.9852	0.9543	0.9741
December	0.9953	0.9698	0.9830