2023 PEN to BTN Historical Review

YEARLY HIGH

23.1365 BTN

YEARLY LOW

20.9089 BTN

YEARLY AVERAGE

22.0784 BTN

2023 PEN to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 23.1365. Conversely, the yearly low was recorded on January 26, dropping to 20.9089.

This high-to-low spread represents a total annual volatility of 2.2276 BTN. From a start-to-finish perspective, comparing the January average rate of 21.4039 to the December average rate of 22.3027, the exchange rate registered a net change of 4.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.1365 was up 6.27% compared to the 2022 peak of 21.7724, 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 115,682 BTN

2022 Average 102,510 BTN

Yearly Trough Low 104,545 BTN

Transaction Impact: A difference of 11,137.81 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.9576

21.2626

JanuMarcMayJulySeptNove

PEN to BTN 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 21.8951, compared to 22.2617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3666 points.

H1 Avg (Jan–Jun) 21.8951

H2 Avg (Jul–Dec) 22.2617

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.9073 BTN (High: 21.8162 / Low: 20.9089). On the other end, March was the most stable month, with a tight range of 0.2945 BTN (High: 21.8884 / Low: 21.5939).

January Spread (Volatile) ±0.9073

March Spread (Stable) ±0.2945

Growth Streaks & Declines

Trends

Between 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 0.6308 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.6308

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 22.8164) against the same month in 2022 (average: 20.4099), the exchange rate shifted by +2.4065 (+11.79%).

2023 Avg (July) 22.8164

2022 Avg (July) 20.4099

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.8162	20.9089	21.4039
February	21.7527	21.2269	21.5227
March	21.8884	21.5939	21.7651
April	22.0806	21.6384	21.7979
May	22.5365	21.9922	22.3384
June	22.7270	22.3276	22.5427
July	23.1365	22.5712	22.8164
August	22.8216	22.2208	22.4325
September	22.4832	21.9124	22.2918
October	21.9362	21.4391	21.6610
November	22.3594	21.5279	22.0659
December	22.5797	22.0239	22.3027