2024 TOP to PEN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to PEN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 1.6348. Conversely, the yearly low was recorded on April 22, dropping to 1.5419.
This high-to-low spread represents a total annual volatility of 0.0930 PEN. From a start-to-finish perspective, comparing the January average rate of 1.5841 to the December average rate of 1.5584, the exchange rate registered a net change of -1.62% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.6348 was down 3.15% compared to the 2023 peak of 1.6880, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.5845, compared to 1.5842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.0623 PEN (High: 1.6266 / Low: 1.5643). On the other end, October was the most stable month, with a tight range of 0.0164 PEN (High: 1.5959 / Low: 1.5795).
Growth Streaks & Declines
TrendsBetween April and June, 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 February and March, when the average rate fell by 0.0485 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 1.6170) against the same month in 2023 (average: 1.6421), the exchange rate shifted by -0.0251 (-1.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.6122 | 1.5715 | 1.5841 |
| February | 1.6348 | 1.5946 | 1.6170 |
| March | 1.5950 | 1.5486 | 1.5686 |
| April | 1.5787 | 1.5419 | 1.5584 |
| May | 1.5927 | 1.5555 | 1.5756 |
| June | 1.6224 | 1.5795 | 1.6036 |
| July | 1.6266 | 1.5643 | 1.5906 |
| August | 1.6063 | 1.5569 | 1.5799 |
| September | 1.6226 | 1.5925 | 1.6075 |
| October | 1.5959 | 1.5795 | 1.5877 |
| November | 1.5891 | 1.5612 | 1.5813 |
| December | 1.5693 | 1.5489 | 1.5584 |