2023 PEN to MMK Historical Review

YEARLY HIGH

589.9431 MMK

YEARLY LOW

538.6868 MMK

YEARLY AVERAGE

561.4346 MMK

2023 PEN to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 589.9431. Conversely, the yearly low was recorded on January 26, dropping to 538.6868.

This high-to-low spread represents a total annual volatility of 51.2563 MMK. From a start-to-finish perspective, comparing the January average rate of 549.3223 to the December average rate of 562.6878, the exchange rate registered a net change of 2.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 589.9431 was up 6.82% compared to the 2022 peak of 552.2732, 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 2,949,715 MMK

2022 Average 2,515,192 MMK

Yearly Trough Low 2,693,434 MMK

Transaction Impact: A difference of 256,281.51 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

586.5425

543.0411

JanuMarcMayJulySeptNove

PEN to MMK 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 559.3179, compared to 563.5514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2335 points.

H1 Avg (Jan–Jun) 559.3179

H2 Avg (Jul–Dec) 563.5514

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 20.0769 MMK (High: 563.0481 / Low: 542.9712). On the other end, March was the most stable month, with a tight range of 7.9411 MMK (High: 559.3824 / Low: 551.4413).

November Spread (Volatile) ±20.0769

March Spread (Stable) ±7.9411

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 17.1770 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -17.1770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 582.9174) against the same month in 2022 (average: 475.2080), the exchange rate shifted by +107.7094 (+22.67%).

2023 Avg (July) 582.9174

2022 Avg (July) 475.2080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	556.4870	538.6868	549.3223
February	552.0825	539.0631	547.2959
March	559.3824	551.4413	555.1668
April	566.8281	555.0452	558.3943
May	575.8415	564.5378	569.8260
June	582.2233	567.8183	575.9020
July	589.9431	576.4055	582.9174
August	582.5605	562.8327	568.8742
September	568.6250	554.0190	563.8432
October	554.4125	541.3137	546.6662
November	563.0481	542.9712	556.3195
December	570.1095	554.9835	562.6878