2023 PEN to SEK Historical Review

YEARLY HIGH

3.0198 SEK

YEARLY LOW

2.6262 SEK

YEARLY AVERAGE

2.8385 SEK

2023 PEN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 3.0198. Conversely, the yearly low was recorded on January 25, dropping to 2.6262.

This high-to-low spread represents a total annual volatility of 0.3937 SEK. From a start-to-finish perspective, comparing the January average rate of 2.7181 to the December average rate of 2.7415, the exchange rate registered a net change of 0.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0198 was up 4.23% compared to the 2022 peak of 2.8974, 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 15,099 SEK

2022 Average 13,197 SEK

Yearly Trough Low 13,131 SEK

Transaction Impact: A difference of 1,968.28 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0051

2.6920

JanuMarcMayJulySeptNove

PEN to SEK 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 2.7962, compared to 2.8808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0846 points.

H1 Avg (Jan–Jun) 2.7962

H2 Avg (Jul–Dec) 2.8808

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2153 SEK (High: 2.9576 / Low: 2.7422). On the other end, February was the most stable month, with a tight range of 0.0814 SEK (High: 2.7630 / Low: 2.6816).

May Spread (Volatile) ±0.2153

February Spread (Stable) ±0.0814

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.1070 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 2.9790) against the same month in 2022 (average: 2.7960), the exchange rate shifted by +0.1830 (+6.54%).

2023 Avg (September) 2.9790

2022 Avg (September) 2.7960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8098	2.6262	2.7181
February	2.7630	2.6816	2.7248
March	2.8475	2.7234	2.7824
April	2.8016	2.7198	2.7542
May	2.9576	2.7422	2.8456
June	2.9965	2.9090	2.9518
July	3.0169	2.8498	2.9256
August	2.9935	2.8673	2.9348
September	3.0198	2.8752	2.9790
October	2.9226	2.8294	2.8720
November	2.9151	2.7463	2.8319
December	2.8011	2.6924	2.7415