2023 PEN to CVE Historical Review

YEARLY HIGH

28.8034 CVE

YEARLY LOW

25.9874 CVE

YEARLY AVERAGE

27.3019 CVE

2023 PEN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on June 13, valuing the pair at 28.8034. Conversely, the yearly low was recorded on January 26, dropping to 25.9874.

This high-to-low spread represents a total annual volatility of 2.8160 CVE. From a start-to-finish perspective, comparing the January average rate of 26.8095 to the December average rate of 27.0782, the exchange rate registered a net change of 1.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.8034 was down 1.92% compared to the 2022 peak of 29.3662, 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 144,017 CVE

2022 Average 137,098 CVE

Yearly Trough Low 129,937 CVE

Transaction Impact: A difference of 14,079.84 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.1043

26.6851

JanuMarcMayJulySeptNove

PEN to CVE 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 27.2240, compared to 27.3799 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1559 points.

H1 Avg (Jan–Jun) 27.2240

H2 Avg (Jul–Dec) 27.3799

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.5935 CVE (High: 27.8308 / Low: 26.2373). On the other end, September was the most stable month, with a tight range of 0.4960 CVE (High: 27.9203 / Low: 27.4243).

November Spread (Volatile) ±1.5935

September Spread (Stable) ±0.4960

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 September and October, when the average rate fell by 0.5157 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 27.9860) against the same month in 2022 (average: 27.9338), the exchange rate shifted by +0.0522 (+0.19%).

2023 Avg (June) 27.9860

2022 Avg (June) 27.9338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.5742	25.9874	26.8095
February	27.3971	26.3597	26.8589
March	27.6356	26.8720	27.2875
April	27.2809	26.3938	26.8034
May	28.1663	26.9902	27.5986
June	28.8034	27.6678	27.9860
July	28.1753	27.4551	27.7423
August	27.8978	27.0458	27.3901
September	27.9203	27.4243	27.7334
October	27.7684	26.7702	27.2177
November	27.8308	26.2373	27.1176
December	27.4214	26.6908	27.0782