2024 PEN to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 53.5710. Conversely, the yearly low was recorded on November 25, dropping to 47.3473.
This high-to-low spread represents a total annual volatility of 6.2237 LRD. From a start-to-finish perspective, comparing the January average rate of 50.6928 to the December average rate of 48.3920, the exchange rate registered a net change of -4.54% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 53.5710 was up 3.27% compared to the 2023 peak of 51.8730, 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 2024.
PEN to LRD 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 51.2178, compared to 50.7915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4263 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 3.5384 LRD (High: 50.8857 / Low: 47.3473). On the other end, May was the most stable month, with a tight range of 1.0806 LRD (High: 52.4631 / Low: 51.3825).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 2.4341 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 52.3596) against the same month in 2023 (average: 50.4712), the exchange rate shifted by +1.8884 (+3.74%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 51.1305 | 49.7973 | 50.6928 |
| February | 50.4619 | 49.1057 | 49.7513 |
| March | 52.4470 | 50.6632 | 51.8058 |
| April | 52.5747 | 50.0052 | 51.8769 |
| May | 52.4631 | 51.3825 | 51.8754 |
| June | 51.9677 | 50.7051 | 51.3046 |
| July | 52.5433 | 50.5764 | 51.7913 |
| August | 53.5710 | 51.9829 | 52.3596 |
| September | 53.3591 | 51.0829 | 51.8876 |
| October | 52.2814 | 50.8873 | 51.3762 |
| November | 50.8857 | 47.3473 | 48.9421 |
| December | 48.9705 | 47.7042 | 48.3920 |