2024 PEN to AED Historical Review

YEARLY HIGH

1.0004 AED

YEARLY LOW

0.9468 AED

YEARLY AVERAGE

0.9788 AED

2024 PEN to AED Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to AED exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 1.0004. Conversely, the yearly low was recorded on February 14, dropping to 0.9468.

This high-to-low spread represents a total annual volatility of 0.0536 AED. From a start-to-finish perspective, comparing the January average rate of 0.9844 to the December average rate of 0.9843, the exchange rate registered a net change of -0.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0004 was down 3.08% compared to the 2023 peak of 1.0322, 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 5,002 AED

2023 Average 4,913 AED

Yearly Trough Low 4,734 AED

Transaction Impact: A difference of 268.00 AED purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9916

0.9564

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 0.9794, compared to 0.9781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.9794

H2 Avg (Jul–Dec) 0.9781

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0338 AED (High: 0.9891 / Low: 0.9553). On the other end, August was the most stable month, with a tight range of 0.0125 AED (High: 0.9903 / Low: 0.9779).

July Spread (Volatile) ±0.0338

August Spread (Stable) ±0.0125

Growth Streaks & Declines

Trends

Between June and August, 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 January and February, when the average rate fell by 0.0251 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.9887) against the same month in 2023 (average: 0.9724), the exchange rate shifted by +0.0163 (+1.68%).

2024 Avg (March) 0.9887

2023 Avg (March) 0.9724

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9953	0.9632	0.9844
February	0.9714	0.9468	0.9594
March	1.0004	0.9705	0.9887
April	1.0004	0.9753	0.9885
May	0.9961	0.9758	0.9844
June	0.9847	0.9578	0.9710
July	0.9891	0.9553	0.9760
August	0.9903	0.9779	0.9834
September	0.9884	0.9621	0.9745
October	0.9910	0.9733	0.9793
November	0.9825	0.9646	0.9715
December	0.9903	0.9775	0.9843