2023 PEN to BAM Historical Review

YEARLY HIGH

0.4994 BAM

YEARLY LOW

0.4603 BAM

YEARLY AVERAGE

0.4835 BAM

2023 PEN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on June 16, valuing the pair at 0.4994. Conversely, the yearly low was recorded on January 26, dropping to 0.4603.

This high-to-low spread represents a total annual volatility of 0.0391 BAM. From a start-to-finish perspective, comparing the January average rate of 0.4755 to the December average rate of 0.4796, the exchange rate registered a net change of 0.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4994 was down 3.70% compared to the 2022 peak of 0.5186, 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 2,497 BAM

2022 Average 2,426 BAM

Yearly Trough Low 2,301 BAM

Transaction Impact: A difference of 195.65 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4971

0.4723

JanuMarcMayJulySeptNove

PEN to BAM 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 0.4821, compared to 0.4850 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.4821

H2 Avg (Jul–Dec) 0.4850

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0319 BAM (High: 0.4922 / Low: 0.4603). On the other end, September was the most stable month, with a tight range of 0.0074 BAM (High: 0.4938 / Low: 0.4864).

January Spread (Volatile) ±0.0319

September Spread (Stable) ±0.0074

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0094 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.4950) against the same month in 2022 (average: 0.4938), the exchange rate shifted by +0.0012 (+0.25%).

2023 Avg (June) 0.4950

2022 Avg (June) 0.4938

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4922	0.4603	0.4755
February	0.4862	0.4627	0.4758
March	0.4901	0.4767	0.4837
April	0.4806	0.4679	0.4744
May	0.4967	0.4769	0.4882
June	0.4994	0.4899	0.4950
July	0.4976	0.4867	0.4915
August	0.4940	0.4797	0.4855
September	0.4938	0.4864	0.4911
October	0.4919	0.4754	0.4821
November	0.4869	0.4654	0.4800
December	0.4854	0.4734	0.4796