2023 ZAR to PEN Historical Review

YEARLY HIGH

0.2272 PEN

YEARLY LOW

0.1862 PEN

YEARLY AVERAGE

0.2030 PEN

2023 ZAR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.2272. Conversely, the yearly low was recorded on May 31, dropping to 0.1862.

This high-to-low spread represents a total annual volatility of 0.0410 PEN. From a start-to-finish perspective, comparing the January average rate of 0.2239 to the December average rate of 0.2009, the exchange rate registered a net change of -10.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2272 was down 12.13% compared to the 2022 peak of 0.2586, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 11,360 PEN

2022 Average 11,743 PEN

Yearly Trough Low 9,308 PEN

Transaction Impact: A difference of 2,051.95 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2270

0.1899

JanuMarcMayJulySeptNove

ZAR 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 0.2066, compared to 0.1994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0071 points.

H1 Avg (Jan–Jun) 0.2066

H2 Avg (Jul–Dec) 0.1994

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0192 PEN (High: 0.2256 / Low: 0.2064). On the other end, January was the most stable month, with a tight range of 0.0070 PEN (High: 0.2272 / Low: 0.2202).

February Spread (Volatile) ±0.0192

January Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

Between May and July, 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 April and May, when the average rate fell by 0.0138 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0138

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2239) against the same month in 2022 (average: 0.2512), the exchange rate shifted by -0.0273 (-10.87%).

2023 Avg (January) 0.2239

2022 Avg (January) 0.2512

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2272	0.2202	0.2239
February	0.2256	0.2064	0.2142
March	0.2115	0.1989	0.2068
April	0.2115	0.2012	0.2069
May	0.2027	0.1862	0.1930
June	0.2000	0.1871	0.1947
July	0.2047	0.1892	0.1977
August	0.2014	0.1932	0.1966
September	0.2007	0.1923	0.1964
October	0.2056	0.1945	0.2017
November	0.2098	0.1977	0.2035
December	0.2063	0.1963	0.2009