2023 PEN to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PEN to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PEN to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 167.2452. Conversely, the yearly low was recorded on January 26, dropping to 154.3283.
This high-to-low spread represents a total annual volatility of 12.9169 XOF. From a start-to-finish perspective, comparing the January average rate of 159.0746 to the December average rate of 160.7416, the exchange rate registered a net change of 1.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 167.2452 was down 4.09% compared to the 2022 peak of 174.3716, 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 XOF 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 161.5665, compared to 162.6605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0940 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 9.5941 XOF (High: 163.9224 / Low: 154.3283). On the other end, June was the most stable month, with a tight range of 3.0815 XOF (High: 167.2452 / Low: 164.1636).
Growth Streaks & Declines
TrendsBetween January and March, 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 September and October, when the average rate fell by 3.2303 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 165.9174) against the same month in 2022 (average: 165.7442), the exchange rate shifted by +0.1732 (+0.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 163.9224 | 154.3283 | 159.0746 |
| February | 163.4780 | 154.8811 | 159.7311 |
| March | 164.6495 | 159.5532 | 162.0874 |
| April | 161.8430 | 156.5773 | 158.8920 |
| May | 167.0298 | 158.1300 | 163.6967 |
| June | 167.2452 | 164.1636 | 165.9174 |
| July | 166.5327 | 163.2483 | 164.8561 |
| August | 165.2432 | 161.1792 | 162.8769 |
| September | 166.4488 | 163.2401 | 164.9642 |
| October | 165.0037 | 158.5188 | 161.7339 |
| November | 163.1733 | 156.1173 | 160.7905 |
| December | 162.6984 | 157.7470 | 160.7416 |