2023 PEN to HKD Historical Review

YEARLY HIGH

2.1958 HKD

YEARLY LOW

2.0065 HKD

YEARLY AVERAGE

2.0940 HKD

2023 PEN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 2.1958. Conversely, the yearly low was recorded on January 26, dropping to 2.0065.

This high-to-low spread represents a total annual volatility of 0.1894 HKD. From a start-to-finish perspective, comparing the January average rate of 2.0456 to the December average rate of 2.0904, the exchange rate registered a net change of 2.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1958 was up 1.91% compared to the 2022 peak of 2.1547, 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 10,979 HKD

2022 Average 10,219 HKD

Yearly Trough Low 10,032 HKD

Transaction Impact: A difference of 946.88 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1859

2.0251

JanuMarcMayJulySeptNove

PEN to HKD 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 2.0889, compared to 2.0992 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0102 points.

H1 Avg (Jan–Jun) 2.0889

H2 Avg (Jul–Dec) 2.0992

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0697 HKD (High: 2.0762 / Low: 2.0065). On the other end, May was the most stable month, with a tight range of 0.0371 HKD (High: 2.1512 / Low: 2.1141).

January Spread (Volatile) ±0.0697

May Spread (Stable) ±0.0371

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 0.0643 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0643

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.1725) against the same month in 2022 (average: 2.0150), the exchange rate shifted by +0.1575 (+7.82%).

2023 Avg (July) 2.1725

2022 Avg (July) 2.0150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0762	2.0065	2.0456
February	2.0645	2.0152	2.0448
March	2.1009	2.0621	2.0780
April	2.1325	2.0738	2.0893
May	2.1512	2.1141	2.1275
June	2.1708	2.1191	2.1483
July	2.1958	2.1496	2.1725
August	2.1613	2.0996	2.1202
September	2.1238	2.0620	2.1028
October	2.0642	2.0176	2.0385
November	2.0940	2.0259	2.0705
December	2.1159	2.0617	2.0904