2023 PEN to GMD Historical Review

YEARLY HIGH

18.2656 GMD

YEARLY LOW

15.6641 GMD

YEARLY AVERAGE

16.6542 GMD

2023 PEN to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 18.2656. Conversely, the yearly low was recorded on February 6, dropping to 15.6641.

This high-to-low spread represents a total annual volatility of 2.6015 GMD. From a start-to-finish perspective, comparing the January average rate of 16.2246 to the December average rate of 18.0282, the exchange rate registered a net change of 11.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.2656 was up 11.89% compared to the 2022 peak of 16.3242, 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 91,328 GMD

2022 Average 72,269 GMD

Yearly Trough Low 78,321 GMD

Transaction Impact: A difference of 13,007.31 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.2388

15.7110

JanuMarcMayJulySeptNove

PEN to GMD 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 16.2337, compared to 17.0747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8410 points.

H1 Avg (Jan–Jun) 16.2337

H2 Avg (Jul–Dec) 17.0747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.0588 GMD (High: 18.0497 / Low: 16.9909). On the other end, May was the most stable month, with a tight range of 0.2987 GMD (High: 16.4055 / Low: 16.1068).

November Spread (Volatile) ±1.0588

May Spread (Stable) ±0.2987

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.3030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 18.0282) against the same month in 2022 (average: 16.2235), the exchange rate shifted by +1.8047 (+11.12%).

2023 Avg (December) 18.0282

2022 Avg (December) 16.2235

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.4783	15.8358	16.2246
February	16.0701	15.6641	15.9216
March	16.5580	16.0889	16.2527
April	16.6398	16.1830	16.4616
May	16.4055	16.1068	16.2271
June	16.4958	16.1049	16.3147
July	16.7577	16.3782	16.5755
August	16.7418	16.2311	16.4120
September	17.3036	16.3084	16.5969
October	17.2635	16.9208	17.0925
November	18.0497	16.9909	17.7430
December	18.2656	17.7108	18.0282