2023 PEN to GNF Historical Review

YEARLY HIGH

2420.3768 GNF

YEARLY LOW

2209.6451 GNF

YEARLY AVERAGE

2305.1757 GNF

2023 PEN to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 2420.3768. Conversely, the yearly low was recorded on January 26, dropping to 2209.6451.

This high-to-low spread represents a total annual volatility of 210.7317 GNF. From a start-to-finish perspective, comparing the January average rate of 2267.0422 to the December average rate of 2302.4910, the exchange rate registered a net change of 1.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2420.3768 was down 1.23% compared to the 2022 peak of 2450.4422, 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 12,101,884 GNF

2022 Average 11,494,437 GNF

Yearly Trough Low 11,048,226 GNF

Transaction Impact: A difference of 1,053,658.53 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2407.1410

2225.3079

JanuMarcMayJulySeptNove

PEN to GNF 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 2300.4622, compared to 2309.8892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.4270 points.

H1 Avg (Jan–Jun) 2300.4622

H2 Avg (Jul–Dec) 2309.8892

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 105.6583 GNF (High: 2315.3034 / Low: 2209.6451). On the other end, April was the most stable month, with a tight range of 48.3234 GNF (High: 2322.1757 / Low: 2273.8523).

January Spread (Volatile) ±105.6583

April Spread (Stable) ±48.3234

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 70.3423 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -70.3423

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2391.9883) against the same month in 2022 (average: 2229.2347), the exchange rate shifted by +162.7535 (+7.30%).

2023 Avg (July) 2391.9883

2022 Avg (July) 2229.2347

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2315.3034	2209.6451	2267.0422
February	2291.9651	2230.4980	2252.7755
March	2325.2741	2261.3924	2286.6147
April	2322.1757	2273.8523	2289.1539
May	2371.0609	2319.3156	2341.3461
June	2398.1361	2332.9255	2365.8405
July	2420.3768	2366.3659	2391.9883
August	2391.9492	2312.0353	2332.7177
September	2332.3944	2265.2701	2310.8029
October	2271.0037	2219.0409	2240.4606
November	2305.3210	2221.7163	2280.8748
December	2328.4855	2272.3726	2302.4910