2023 PEN to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 13, valuing the pair at 367.9841. Conversely, the yearly low was recorded on January 26, dropping to 315.8049.
This high-to-low spread represents a total annual volatility of 52.1792 KRW. From a start-to-finish perspective, comparing the January average rate of 325.0437 to the December average rate of 348.3436, the exchange rate registered a net change of 7.17% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 367.9841 was up 0.57% compared to the 2022 peak of 365.8875, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PEN to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 345.2857, compared to 353.4172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.1315 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 29.7668 KRW (High: 347.5915 / Low: 317.8247). On the other end, September was the most stable month, with a tight range of 5.4561 KRW (High: 361.1066 / Low: 355.6505).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 6.4450 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 360.5071) against the same month in 2022 (average: 337.5809), the exchange rate shifted by +22.9262 (+6.79%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 335.8233 | 315.8049 | 325.0437 |
| February | 347.5915 | 317.8247 | 333.5239 |
| March | 350.7434 | 341.4410 | 345.5282 |
| April | 363.5342 | 344.9521 | 351.7710 |
| May | 367.9841 | 355.8031 | 360.5071 |
| June | 365.0540 | 348.4752 | 355.3400 |
| July | 364.6061 | 354.1244 | 357.0997 |
| August | 362.8294 | 353.2969 | 358.5446 |
| September | 361.1066 | 355.6505 | 358.2071 |
| October | 358.1821 | 346.1061 | 351.7621 |
| November | 352.4175 | 336.8349 | 346.5461 |
| December | 351.8027 | 340.4966 | 348.3436 |