2024 PEN to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 3505.6953. Conversely, the yearly low was recorded on February 14, dropping to 647.6616.
This high-to-low spread represents a total annual volatility of 2858.0337 SYP. From a start-to-finish perspective, comparing the January average rate of 673.4241 to the December average rate of 1670.7658, the exchange rate registered a net change of 148.10% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 3505.6953 was up 396.49% compared to the 2023 peak of 706.0894, 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 SYP 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 669.9806, compared to 835.3495 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 165.3688 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 2836.1851 SYP (High: 3505.6953 / Low: 669.5102). On the other end, August was the most stable month, with a tight range of 8.4988 SYP (High: 677.4285 / Low: 668.9297).
Growth Streaks & Declines
TrendsBetween June and August, 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 January and February, when the average rate fell by 17.1553 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 1670.7658) against the same month in 2023 (average: 672.5268), the exchange rate shifted by +998.2390 (+148.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 680.8832 | 658.8585 | 673.4241 |
| February | 664.5022 | 647.6616 | 656.2688 |
| March | 684.3658 | 663.8475 | 676.3750 |
| April | 684.4331 | 667.1754 | 676.2366 |
| May | 681.3914 | 667.5284 | 673.3846 |
| June | 673.6188 | 655.1714 | 664.1945 |
| July | 676.6117 | 653.4788 | 667.6066 |
| August | 677.4285 | 668.9297 | 672.7111 |
| September | 676.1032 | 658.1311 | 666.5878 |
| October | 677.8922 | 665.8023 | 669.8716 |
| November | 672.0805 | 659.8566 | 664.5538 |
| December | 3505.6953 | 669.5102 | 1670.7658 |