2024 PEN to INR Historical Review

YEARLY HIGH

23.0548 INR

YEARLY LOW

21.3991 INR

YEARLY AVERAGE

22.2980 INR

2024 PEN to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 23.0548. Conversely, the yearly low was recorded on February 14, dropping to 21.3991.

This high-to-low spread represents a total annual volatility of 1.6557 INR. From a start-to-finish perspective, comparing the January average rate of 22.2752 to the December average rate of 22.7796, the exchange rate registered a net change of 2.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 23.0548 was down 0.02% compared to the 2023 peak of 23.0597, 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 115,274 INR

2023 Average 110,441 INR

Yearly Trough Low 106,995 INR

Transaction Impact: A difference of 8,278.54 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.8904

21.5610

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 22.1947, compared to 22.4012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2065 points.

H1 Avg (Jan–Jun) 22.1947

H2 Avg (Jul–Dec) 22.4012

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.8700 INR (High: 22.7592 / Low: 21.8892). On the other end, August was the most stable month, with a tight range of 0.2519 INR (High: 22.5854 / Low: 22.3335).

March Spread (Volatile) ±0.8700

August Spread (Stable) ±0.2519

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 0.6033 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 22.7796) against the same month in 2023 (average: 22.2817), the exchange rate shifted by +0.4979 (+2.23%).

2024 Avg (December) 22.7796

2023 Avg (December) 22.2817

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.5440	21.7941	22.2752
February	21.9282	21.3991	21.6718
March	22.7592	21.8892	22.3600
April	22.6978	22.1466	22.4511
May	22.6576	22.1545	22.3414
June	22.4293	21.7391	22.0688
July	22.5056	21.7125	22.2146
August	22.5854	22.3335	22.4593
September	22.5580	21.9983	22.2327
October	22.6306	22.2829	22.4075
November	22.6194	22.1736	22.3137
December	23.0548	22.5648	22.7796