2023 SAR to PEN Historical Review

YEARLY HIGH

1.0393 PEN

YEARLY LOW

0.9484 PEN

YEARLY AVERAGE

0.9970 PEN

2023 SAR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.0393. Conversely, the yearly low was recorded on July 17, dropping to 0.9484.

This high-to-low spread represents a total annual volatility of 0.0909 PEN. From a start-to-finish perspective, comparing the January average rate of 1.0178 to the December average rate of 0.9961, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0393 was down 2.30% compared to the 2022 peak of 1.0638, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 5,197 PEN

2022 Average 5,104 PEN

Yearly Trough Low 4,742 PEN

Transaction Impact: A difference of 454.37 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0299

0.9530

JanuMarcMayJulySeptNove

SAR to PEN 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 1.0005, compared to 0.9936 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 1.0005

H2 Avg (Jul–Dec) 0.9936

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0364 PEN (High: 1.0393 / Low: 1.0029). On the other end, May was the most stable month, with a tight range of 0.0168 PEN (High: 0.9896 / Low: 0.9728).

January Spread (Volatile) ±0.0364

May Spread (Stable) ±0.0168

Growth Streaks & Declines

Trends

Between July and October, 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 April and May, when the average rate fell by 0.0194 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0194

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0178) against the same month in 2022 (average: 1.0375), the exchange rate shifted by -0.0196 (-1.89%).

2023 Avg (January) 1.0178

2022 Avg (January) 1.0375

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0393	1.0029	1.0178
February	1.0381	1.0133	1.0229
March	1.0132	0.9953	1.0059
April	1.0090	0.9814	1.0016
May	0.9896	0.9728	0.9822
June	0.9862	0.9618	0.9721
July	0.9712	0.9484	0.9594
August	0.9947	0.9612	0.9841
September	1.0126	0.9847	0.9929
October	1.0338	1.0116	1.0235
November	1.0262	0.9940	1.0055
December	1.0095	0.9838	0.9961