2023 SGD to PEN Historical Review

YEARLY HIGH

2.9748 PEN

YEARLY LOW

2.6682 PEN

YEARLY AVERAGE

2.7856 PEN

2023 SGD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.9748. Conversely, the yearly low was recorded on June 24, dropping to 2.6682.

This high-to-low spread represents a total annual volatility of 0.3066 PEN. From a start-to-finish perspective, comparing the January average rate of 2.8865 to the December average rate of 2.8063, the exchange rate registered a net change of -2.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9748 was up 0.51% compared to the 2022 peak of 2.9598, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,874 PEN

2022 Average 13,904 PEN

Yearly Trough Low 13,341 PEN

Transaction Impact: A difference of 1,533.25 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9056

2.6763

JanuMarcMayJulySeptNove

SGD 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 2.8101, compared to 2.7611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0490 points.

H1 Avg (Jan–Jun) 2.8101

H2 Avg (Jul–Dec) 2.7611

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1482 PEN (High: 2.9748 / Low: 2.8266). On the other end, July was the most stable month, with a tight range of 0.0450 PEN (High: 2.7139 / Low: 2.6689).

January Spread (Volatile) ±0.1482

July Spread (Stable) ±0.0450

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0714 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0714

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.8865) against the same month in 2022 (average: 2.8825), the exchange rate shifted by +0.0040 (+0.14%).

2023 Avg (January) 2.8865

2022 Avg (January) 2.8825

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9748	2.8266	2.8865
February	2.9461	2.8166	2.8790
March	2.8444	2.7854	2.8169
April	2.8542	2.7568	2.8207
May	2.7959	2.7134	2.7493
June	2.7391	2.6682	2.7081
July	2.7139	2.6689	2.6954
August	2.7564	2.7018	2.7324
September	2.7801	2.7092	2.7314
October	2.8373	2.7623	2.8044
November	2.8632	2.7683	2.7968
December	2.8474	2.7867	2.8063