2023 PEN to INR Historical Review

YEARLY HIGH

23.0597 INR

YEARLY LOW

20.8739 INR

YEARLY AVERAGE

22.0847 INR

2023 PEN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 23.0597. Conversely, the yearly low was recorded on January 26, dropping to 20.8739.

This high-to-low spread represents a total annual volatility of 2.1857 INR. From a start-to-finish perspective, comparing the January average rate of 21.3782 to the December average rate of 22.2817, the exchange rate registered a net change of 4.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.0597 was up 5.77% compared to the 2022 peak of 21.8011, 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 115,298 INR

2022 Average 102,536 INR

Yearly Trough Low 104,370 INR

Transaction Impact: A difference of 10,928.66 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.9882

21.2318

JanuMarcMayJulySeptNove

PEN to INR 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 21.8974, compared to 22.2720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3746 points.

H1 Avg (Jan–Jun) 21.8974

H2 Avg (Jul–Dec) 22.2720

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.9348 INR (High: 21.8088 / Low: 20.8739). On the other end, July was the most stable month, with a tight range of 0.4446 INR (High: 23.0597 / Low: 22.6150).

January Spread (Volatile) ±0.9348

July Spread (Stable) ±0.4446

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.6217 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.6217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 22.8418) against the same month in 2022 (average: 20.4144), the exchange rate shifted by +2.4274 (+11.89%).

2023 Avg (July) 22.8418

2022 Avg (July) 20.4144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.8088	20.8739	21.3782
February	21.8124	21.2470	21.5326
March	22.0879	21.5854	21.7732
April	22.2073	21.6438	21.8137
May	22.5360	22.0280	22.3480
June	22.7298	22.2766	22.5388
July	23.0597	22.6150	22.8418
August	22.8220	22.1709	22.4406
September	22.5295	21.9006	22.3022
October	21.9711	21.4106	21.6805
November	22.3515	21.6415	22.0848
December	22.5685	21.9293	22.2817