2023 BGN to PHP Historical Review

YEARLY HIGH

31.7252 PHP

YEARLY LOW

29.6019 PHP

YEARLY AVERAGE

30.7608 PHP

2023 BGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 31.7252. Conversely, the yearly low was recorded on March 16, dropping to 29.6019.

This high-to-low spread represents a total annual volatility of 2.1233 PHP. From a start-to-finish perspective, comparing the January average rate of 30.2866 to the December average rate of 30.9985, the exchange rate registered a net change of 2.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 31.7252 was up 3.98% compared to the 2022 peak of 30.5112, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,626 PHP

2022 Average 146,523 PHP

Yearly Trough Low 148,010 PHP

Transaction Impact: A difference of 10,616.53 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.5464

29.8297

JanuMarcMayJulySeptNove

BGN to PHP 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 30.5323, compared to 30.9892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4569 points.

H1 Avg (Jan–Jun) 30.5323

H2 Avg (Jul–Dec) 30.9892

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.3640 PHP (High: 31.5795 / Low: 30.2155). On the other end, January was the most stable month, with a tight range of 0.5082 PHP (High: 30.5498 / Low: 30.0417).

April Spread (Volatile) ±1.3640

January Spread (Stable) ±0.5082

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.4013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 31.4034) against the same month in 2022 (average: 28.8897), the exchange rate shifted by +2.5136 (+8.70%).

2023 Avg (August) 31.4034

2022 Avg (August) 28.8897

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.5498	30.0417	30.2866
February	30.3394	29.6786	30.0039
March	30.3067	29.6019	29.9728
April	31.5795	30.2155	31.0039
May	31.3225	30.6577	30.9860
June	31.2322	30.6748	30.9407
July	31.2938	30.7624	31.0420
August	31.7252	30.8923	31.4034
September	31.3689	30.6053	31.0021
October	30.9119	30.4001	30.6718
November	31.1839	30.5287	30.8175
December	31.5476	30.4870	30.9985