2023 PEN to BDT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to BDT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 30.5627. Conversely, the yearly low was recorded on January 25, dropping to 26.7469.
This high-to-low spread represents a total annual volatility of 3.8158 BDT. From a start-to-finish perspective, comparing the January average rate of 27.4120 to the December average rate of 29.4482, the exchange rate registered a net change of 7.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 30.5627 was up 9.80% compared to the 2022 peak of 27.8337, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PEN to BDT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 28.3529, compared to 29.4365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0836 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.2375 BDT (High: 27.9844 / Low: 26.7469). On the other end, September was the most stable month, with a tight range of 0.6175 BDT (High: 29.7029 / Low: 29.0854).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7820 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 30.1270) against the same month in 2022 (average: 24.1192), the exchange rate shifted by +6.0077 (+24.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.9844 | 26.7469 | 27.4120 |
| February | 28.1446 | 27.1173 | 27.7051 |
| March | 28.5689 | 27.5296 | 28.0312 |
| April | 28.6537 | 27.9842 | 28.2505 |
| May | 29.4999 | 28.5379 | 29.0801 |
| June | 29.9930 | 29.0074 | 29.6387 |
| July | 30.5627 | 29.7723 | 30.1270 |
| August | 30.1073 | 29.3259 | 29.6012 |
| September | 29.7029 | 29.0854 | 29.4822 |
| October | 29.1080 | 28.4203 | 28.7002 |
| November | 29.6443 | 28.6347 | 29.2603 |
| December | 29.7957 | 29.0722 | 29.4482 |