2023 PEN to JPY Historical Review

YEARLY HIGH

40.1166 JPY

YEARLY LOW

33.2695 JPY

YEARLY AVERAGE

37.5834 JPY

2023 PEN to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 40.1166. Conversely, the yearly low was recorded on January 26, dropping to 33.2695.

This high-to-low spread represents a total annual volatility of 6.8471 JPY. From a start-to-finish perspective, comparing the January average rate of 34.0523 to the December average rate of 38.4542, the exchange rate registered a net change of 12.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 40.1166 was up 6.38% compared to the 2022 peak of 37.7095, 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 200,583 JPY

2022 Average 171,378 JPY

Yearly Trough Low 166,347 JPY

Transaction Impact: A difference of 34,235.48 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.2987

33.4844

JanuMarcMayJulySeptNove

PEN to JPY 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 35.9516, compared to 39.2152 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2637 points.

H1 Avg (Jan–Jun) 35.9516

H2 Avg (Jul–Dec) 39.2152

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.4561 JPY (High: 35.8974 / Low: 33.4413). On the other end, September was the most stable month, with a tight range of 0.6419 JPY (High: 39.9724 / Low: 39.3304).

February Spread (Volatile) ±2.4561

September Spread (Stable) ±0.6419

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 November and December, when the average rate fell by 1.2767 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -1.2767

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 39.7309) against the same month in 2022 (average: 36.6040), the exchange rate shifted by +3.1269 (+8.54%).

2023 Avg (November) 39.7309

2022 Avg (November) 36.6040

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.0502	33.2695	34.0523
February	35.8974	33.4413	34.7119
March	36.3781	34.6472	35.3688
April	37.0569	34.6888	35.5520
May	38.3517	36.1921	37.2567
June	39.9416	37.7842	38.7676
July	39.9971	38.4183	39.2290
August	39.6604	38.4050	39.2247
September	39.9724	39.3304	39.6930
October	39.5791	38.6236	38.9596
November	40.1166	38.8533	39.7309
December	39.4145	37.5291	38.4542