2023 PEN to JMD Historical Review

YEARLY HIGH

43.4397 JMD

YEARLY LOW

39.4582 JMD

YEARLY AVERAGE

41.2081 JMD

2023 PEN to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 43.4397. Conversely, the yearly low was recorded on January 26, dropping to 39.4582.

This high-to-low spread represents a total annual volatility of 3.9815 JMD. From a start-to-finish perspective, comparing the January average rate of 39.9878 to the December average rate of 41.5731, the exchange rate registered a net change of 3.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.4397 was up 3.04% compared to the 2022 peak of 42.1568, 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 217,198 JMD

2022 Average 200,233 JMD

Yearly Trough Low 197,291 JMD

Transaction Impact: A difference of 19,907.54 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

43.1566

39.6997

JanuMarcMayJulySeptNove

PEN to JMD 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 40.8506, compared to 41.5656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7150 points.

H1 Avg (Jan–Jun) 40.8506

H2 Avg (Jul–Dec) 41.5656

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.4187 JMD (High: 41.7104 / Low: 40.2917). On the other end, June was the most stable month, with a tight range of 0.7282 JMD (High: 42.7007 / Low: 41.9725).

November Spread (Volatile) ±1.4187

June Spread (Stable) ±0.7282

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 1.1361 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.1361

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 42.8686) against the same month in 2022 (average: 38.9277), the exchange rate shifted by +3.9409 (+10.12%).

2023 Avg (July) 42.8686

2022 Avg (July) 38.9277

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.5475	39.4582	39.9878
February	40.5503	39.5252	40.1938
March	40.8142	39.8375	40.2166
April	41.3337	40.0106	40.4963
May	42.3318	41.1667	41.8349
June	42.7007	41.9725	42.3740
July	43.4397	42.3681	42.8686
August	42.8575	41.4583	41.8852
September	41.8143	40.8093	41.5017
October	40.9209	39.8766	40.3655
November	41.7104	40.2917	41.1995
December	42.0799	41.1093	41.5731