2024 PEN to CVE Historical Review

YEARLY HIGH

28.5382 CVE

YEARLY LOW

26.1707 CVE

YEARLY AVERAGE

27.1835 CVE

2024 PEN to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 28.5382. Conversely, the yearly low was recorded on September 10, dropping to 26.1707.

This high-to-low spread represents a total annual volatility of 2.3675 CVE. From a start-to-finish perspective, comparing the January average rate of 27.1068 to the December average rate of 28.2018, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 28.5382 was down 0.92% compared to the 2023 peak of 28.8034, 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 142,691 CVE

2023 Average 136,522 CVE

Yearly Trough Low 130,853 CVE

Transaction Impact: A difference of 11,837.59 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

28.3853

26.1835

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 27.2164, compared to 27.1506 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0658 points.

H1 Avg (Jan–Jun) 27.2164

H2 Avg (Jul–Dec) 27.1506

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 1.2620 CVE (High: 27.6495 / Low: 26.3875). On the other end, September was the most stable month, with a tight range of 0.4131 CVE (High: 26.5838 / Low: 26.1707).

August Spread (Volatile) ±1.2620

September Spread (Stable) ±0.4131

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4950 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4950

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 28.2018) against the same month in 2023 (average: 27.0782), the exchange rate shifted by +1.1236 (+4.15%).

2024 Avg (December) 28.2018

2023 Avg (December) 27.0782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.3801	26.7149	27.1068
February	26.9623	26.4538	26.7133
March	27.6412	26.9040	27.3380
April	28.0858	27.2774	27.6481
May	27.8363	27.0403	27.3808
June	27.3719	26.8521	27.1116
July	27.3321	26.7668	27.0216
August	27.6495	26.3875	26.8621
September	26.5838	26.1707	26.3670
October	27.2397	26.7928	27.0063
November	27.9357	26.8282	27.4447
December	28.5382	27.8893	28.2018