2024 PEN to HKD Historical Review

YEARLY HIGH

2.1333 HKD

YEARLY LOW

2.0154 HKD

YEARLY AVERAGE

2.0793 HKD

2024 PEN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 2.1333. Conversely, the yearly low was recorded on February 14, dropping to 2.0154.

This high-to-low spread represents a total annual volatility of 0.1180 HKD. From a start-to-finish perspective, comparing the January average rate of 2.0950 to the December average rate of 2.0832, the exchange rate registered a net change of -0.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1333 was down 2.85% compared to the 2023 peak of 2.1958, 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 10,667 HKD

2023 Average 10,472 HKD

Yearly Trough Low 10,077 HKD

Transaction Impact: A difference of 589.82 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1141

2.0365

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 2.0850, compared to 2.0737 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0113 points.

H1 Avg (Jan–Jun) 2.0850

H2 Avg (Jul–Dec) 2.0737

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0702 HKD (High: 2.1024 / Low: 2.0322). On the other end, August was the most stable month, with a tight range of 0.0290 HKD (High: 2.1052 / Low: 2.0762).

July Spread (Volatile) ±0.0702

August Spread (Stable) ±0.0290

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0520 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0520

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.1077) against the same month in 2023 (average: 2.0893), the exchange rate shifted by +0.0183 (+0.88%).

2024 Avg (April) 2.1077

2023 Avg (April) 2.0893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1169	2.0499	2.0950
February	2.0703	2.0154	2.0430
March	2.1308	2.0685	2.1061
April	2.1333	2.0787	2.1077
May	2.1194	2.0785	2.0935
June	2.0965	2.0363	2.0647
July	2.1024	2.0322	2.0751
August	2.1052	2.0762	2.0876
September	2.0919	2.0424	2.0670
October	2.0969	2.0593	2.0715
November	2.0815	2.0447	2.0578
December	2.0963	2.0672	2.0832