2024 PEN to IRR Historical Review

YEARLY HIGH

11461.5639 IRR

YEARLY LOW

10834.1859 IRR

YEARLY AVERAGE

11216.4961 IRR

2024 PEN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 11461.5639. Conversely, the yearly low was recorded on February 14, dropping to 10834.1859.

This high-to-low spread represents a total annual volatility of 627.3780 IRR. From a start-to-finish perspective, comparing the January average rate of 11270.1861 to the December average rate of 11304.3782, the exchange rate registered a net change of 0.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11461.5639 was down 3.40% compared to the 2023 peak of 11864.8931, 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 57,307,820 IRR

2023 Average 56,471,591 IRR

Yearly Trough Low 54,170,930 IRR

Transaction Impact: A difference of 3,136,890.02 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11358.0542

10946.3909

JanuMarcMayJulySeptNove

PEN to IRR 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 11217.5636, compared to 11215.4287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.1350 points.

H1 Avg (Jan–Jun) 11217.5636

H2 Avg (Jul–Dec) 11215.4287

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 387.5004 IRR (High: 11333.9527 / Low: 10946.4523). On the other end, August was the most stable month, with a tight range of 142.4226 IRR (High: 11352.3522 / Low: 11209.9296).

July Spread (Volatile) ±387.5004

August Spread (Stable) ±142.4226

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 289.4899 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -289.4899

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 11323.7489) against the same month in 2023 (average: 11248.1647), the exchange rate shifted by +75.5842 (+0.67%).

2024 Avg (April) 11323.7489

2023 Avg (April) 11248.1647

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11391.9553	11023.4567	11270.1861
February	11119.2041	10834.1859	10980.6962
March	11449.5417	11108.2488	11317.5363
April	11461.5639	11172.5658	11323.7489
May	11438.3332	11175.1547	11280.5369
June	11317.3306	10978.0647	11132.6773
July	11333.9527	10946.4523	11187.5144
August	11352.3522	11209.9296	11271.5719
September	11328.7980	11025.6926	11170.7151
October	11355.4012	11154.2078	11224.9712
November	11258.0502	11054.5998	11133.4212
December	11391.7573	11214.9954	11304.3782