2023 PEN to TOP Historical Review

YEARLY HIGH

0.6582 TOP

YEARLY LOW

0.5924 TOP

YEARLY AVERAGE

0.6318 TOP

2023 PEN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.6582. Conversely, the yearly low was recorded on January 26, dropping to 0.5924.

This high-to-low spread represents a total annual volatility of 0.0658 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6094 to the December average rate of 0.6290, the exchange rate registered a net change of 3.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6582 was up 4.10% compared to the 2022 peak of 0.6323, 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 3,291 TOP

2022 Average 3,041 TOP

Yearly Trough Low 2,962 TOP

Transaction Impact: A difference of 329.03 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6569

0.6047

JanuMarcMayJulySeptNove

PEN to TOP 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 0.6261, compared to 0.6374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 0.6261

H2 Avg (Jul–Dec) 0.6374

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0284 TOP (High: 0.6208 / Low: 0.5924). On the other end, October was the most stable month, with a tight range of 0.0120 TOP (High: 0.6323 / Low: 0.6203).

January Spread (Volatile) ±0.0284

October Spread (Stable) ±0.0120

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 0.0176 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.6526) against the same month in 2022 (average: 0.6035), the exchange rate shifted by +0.0491 (+8.13%).

2023 Avg (July) 0.6526

2022 Avg (July) 0.6035

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6208	0.5924	0.6094
February	0.6205	0.5992	0.6091
March	0.6316	0.6189	0.6245
April	0.6421	0.6205	0.6264
May	0.6493	0.6327	0.6404
June	0.6536	0.6397	0.6468
July	0.6582	0.6459	0.6526
August	0.6518	0.6391	0.6443
September	0.6484	0.6291	0.6421
October	0.6323	0.6203	0.6245
November	0.6391	0.6189	0.6322
December	0.6337	0.6211	0.6290