2023 PEN to UAH Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to UAH Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 10.3721. Conversely, the yearly low was recorded on November 18, dropping to 9.3388.
This high-to-low spread represents a total annual volatility of 1.0333 UAH. From a start-to-finish perspective, comparing the January average rate of 9.6154 to the December average rate of 9.9573, the exchange rate registered a net change of 3.56% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.3721 was up 6.78% compared to the 2022 peak of 9.7133, 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 2023.
PEN to UAH 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 9.8179, compared to 9.8670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0492 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 0.5689 UAH (High: 10.3169 / Low: 9.7480). On the other end, March was the most stable month, with a tight range of 0.1759 UAH (High: 9.8338 / Low: 9.6579).
Growth Streaks & Declines
TrendsBetween 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 0.4054 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 10.2389) against the same month in 2022 (average: 8.1793), the exchange rate shifted by +2.0596 (+25.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.7385 | 9.4297 | 9.6154 |
| February | 9.7090 | 9.4342 | 9.5911 |
| March | 9.8338 | 9.6579 | 9.7547 |
| April | 9.9654 | 9.7195 | 9.7998 |
| May | 10.1268 | 9.9086 | 10.0167 |
| June | 10.2391 | 10.0208 | 10.1294 |
| July | 10.3721 | 10.1374 | 10.2389 |
| August | 10.2450 | 9.8984 | 10.0008 |
| September | 10.0002 | 9.7441 | 9.9146 |
| October | 9.7503 | 9.4071 | 9.5092 |
| November | 9.7512 | 9.3388 | 9.5814 |
| December | 10.3169 | 9.7480 | 9.9573 |