2023 TOP to PEN Historical Review

YEARLY HIGH

1.6880 PEN

YEARLY LOW

1.5192 PEN

YEARLY AVERAGE

1.5837 PEN

2023 TOP to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.6880. Conversely, the yearly low was recorded on July 14, dropping to 1.5192.

This high-to-low spread represents a total annual volatility of 0.1688 PEN. From a start-to-finish perspective, comparing the January average rate of 1.6413 to the December average rate of 1.5899, the exchange rate registered a net change of -3.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.6880 was down 3.79% compared to the 2022 peak of 1.7544, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,440 PEN

2022 Average 8,225 PEN

Yearly Trough Low 7,596 PEN

Transaction Impact: A difference of 843.81 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.6530

1.5215

JanuMarcMayJulySeptNove

TOP 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 1.5982, compared to 1.5692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0290 points.

H1 Avg (Jan–Jun) 1.5982

H2 Avg (Jul–Dec) 1.5692

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0772 PEN (High: 1.6880 / Low: 1.6108). On the other end, July was the most stable month, with a tight range of 0.0289 PEN (High: 1.5481 / Low: 1.5192).

January Spread (Volatile) ±0.0772

July Spread (Stable) ±0.0289

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 February and March, when the average rate fell by 0.0406 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0406

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.6413) against the same month in 2022 (average: 1.7110), the exchange rate shifted by -0.0697 (-4.07%).

2023 Avg (January) 1.6413

2022 Avg (January) 1.7110

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6880	1.6108	1.6413
February	1.6690	1.6115	1.6421
March	1.6158	1.5832	1.6014
April	1.6117	1.5575	1.5965
May	1.5805	1.5400	1.5616
June	1.5632	1.5300	1.5462
July	1.5481	1.5192	1.5325
August	1.5646	1.5343	1.5522
September	1.5895	1.5422	1.5574
October	1.6121	1.5815	1.6013
November	1.6157	1.5646	1.5820
December	1.6100	1.5781	1.5899