2023 THB to PEN Historical Review

YEARLY HIGH

0.1190 PEN

YEARLY LOW

0.1017 PEN

YEARLY AVERAGE

0.1077 PEN

2023 THB to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.1190. Conversely, the yearly low was recorded on June 29, dropping to 0.1017.

This high-to-low spread represents a total annual volatility of 0.0173 PEN. From a start-to-finish perspective, comparing the January average rate of 0.1152 to the December average rate of 0.1070, the exchange rate registered a net change of -7.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1190 was down 1.05% compared to the 2022 peak of 0.1203, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 29,748 PEN

2022 Average 27,395 PEN

Yearly Trough Low 25,429 PEN

Transaction Impact: A difference of 4,318.90 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1163

0.1028

JanuMarcMayJulySeptNove

THB 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 0.1100, compared to 0.1053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0047 points.

H1 Avg (Jan–Jun) 0.1100

H2 Avg (Jul–Dec) 0.1053

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0095 PEN (High: 0.1175 / Low: 0.1079). On the other end, August was the most stable month, with a tight range of 0.0022 PEN (High: 0.1066 / Low: 0.1044).

February Spread (Volatile) ±0.0095

August Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1152) against the same month in 2022 (average: 0.1172), the exchange rate shifted by -0.0020 (-1.71%).

2023 Avg (January) 0.1152

2022 Avg (January) 0.1172

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1190	0.1097	0.1152
February	0.1175	0.1079	0.1127
March	0.1120	0.1076	0.1098
April	0.1113	0.1077	0.1099
May	0.1103	0.1056	0.1078
June	0.1065	0.1017	0.1046
July	0.1052	0.1023	0.1039
August	0.1066	0.1044	0.1053
September	0.1054	0.1026	0.1040
October	0.1073	0.1023	0.1052
November	0.1105	0.1050	0.1064
December	0.1086	0.1049	0.1070