2024 PEN to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 22, valuing the pair at 10.0448. Conversely, the yearly low was recorded on September 27, dropping to 8.6302.
This high-to-low spread represents a total annual volatility of 1.4146 THB. From a start-to-finish perspective, comparing the January average rate of 9.4266 to the December average rate of 9.1526, the exchange rate registered a net change of -2.91% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.0448 was up 2.17% compared to the 2023 peak of 9.8312, 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 THB 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 9.6452, compared to 9.1498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4954 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.5289 THB (High: 9.5648 / Low: 9.0358). On the other end, July was the most stable month, with a tight range of 0.2023 THB (High: 9.7149 / Low: 9.5126).
Growth Streaks & Declines
TrendsBetween September and December, 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 August and September, when the average rate fell by 0.4684 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 9.8934) against the same month in 2023 (average: 9.0968), the exchange rate shifted by +0.7966 (+8.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.5640 | 9.2326 | 9.4266 |
| February | 9.5132 | 9.1961 | 9.3626 |
| March | 9.9028 | 9.4593 | 9.6753 |
| April | 10.0448 | 9.7800 | 9.8934 |
| May | 9.9601 | 9.6558 | 9.8101 |
| June | 9.8158 | 9.5701 | 9.7032 |
| July | 9.7149 | 9.5126 | 9.6261 |
| August | 9.5648 | 9.0358 | 9.2935 |
| September | 9.1193 | 8.6302 | 8.8251 |
| October | 8.9974 | 8.7821 | 8.8995 |
| November | 9.2159 | 8.8941 | 9.1020 |
| December | 9.2632 | 9.0576 | 9.1526 |