2023 PEN to SGD Historical Review

YEARLY HIGH

0.3748 SGD

YEARLY LOW

0.3362 SGD

YEARLY AVERAGE

0.3592 SGD

2023 PEN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 24, valuing the pair at 0.3748. Conversely, the yearly low was recorded on January 26, dropping to 0.3362.

This high-to-low spread represents a total annual volatility of 0.0386 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3465 to the December average rate of 0.3564, the exchange rate registered a net change of 2.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3748 was up 0.20% compared to the 2022 peak of 0.3740, 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 1,874 SGD

2022 Average 1,799 SGD

Yearly Trough Low 1,681 SGD

Transaction Impact: A difference of 193.17 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3735

0.3441

JanuMarcMayJulySeptNove

PEN to SGD 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 0.3561, compared to 0.3623 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0062 points.

H1 Avg (Jan–Jun) 0.3561

H2 Avg (Jul–Dec) 0.3623

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0176 SGD (High: 0.3538 / Low: 0.3362). On the other end, July was the most stable month, with a tight range of 0.0062 SGD (High: 0.3747 / Low: 0.3685).

January Spread (Volatile) ±0.0176

July Spread (Stable) ±0.0062

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0095 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.3693) against the same month in 2022 (average: 0.3697), the exchange rate shifted by -0.0004 (-0.11%).

2023 Avg (June) 0.3693

2022 Avg (June) 0.3697

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3538	0.3362	0.3465
February	0.3550	0.3394	0.3474
March	0.3590	0.3516	0.3550
April	0.3627	0.3504	0.3545
May	0.3685	0.3577	0.3638
June	0.3748	0.3651	0.3693
July	0.3747	0.3685	0.3710
August	0.3701	0.3628	0.3660
September	0.3691	0.3597	0.3661
October	0.3620	0.3524	0.3566
November	0.3612	0.3493	0.3576
December	0.3588	0.3512	0.3564