2023 PEN to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 24, valuing the pair at 3353.5214. Conversely, the yearly low was recorded on January 26, dropping to 2903.7184.
This high-to-low spread represents a total annual volatility of 449.8030 UZS. From a start-to-finish perspective, comparing the January average rate of 2956.7873 to the December average rate of 3306.7803, the exchange rate registered a net change of 11.84% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3353.5214 was up 6.89% compared to the 2022 peak of 3137.2708, 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 UZS 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 3035.3872, compared to 3242.6404 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 207.2533 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 142.7142 UZS (High: 3292.3711 / Low: 3149.6569). On the other end, March was the most stable month, with a tight range of 58.7601 UZS (High: 3045.7810 / Low: 2987.0209).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 85.0881 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 3306.7803) against the same month in 2022 (average: 2941.3987), the exchange rate shifted by +365.3816 (+12.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2997.0401 | 2903.7184 | 2956.7873 |
| February | 2983.5200 | 2912.2945 | 2954.5175 |
| March | 3045.7810 | 2987.0209 | 3013.3924 |
| April | 3081.3875 | 3013.2800 | 3035.9676 |
| May | 3141.0959 | 3068.2351 | 3106.1972 |
| June | 3182.7285 | 3091.4788 | 3145.4611 |
| July | 3262.0509 | 3171.2454 | 3216.6909 |
| August | 3292.3711 | 3149.6569 | 3228.0679 |
| September | 3292.7654 | 3216.2085 | 3267.1797 |
| October | 3219.8490 | 3151.7268 | 3182.0916 |
| November | 3303.8467 | 3175.1065 | 3255.0323 |
| December | 3353.5214 | 3267.9385 | 3306.7803 |