2024 BGN to PHP Historical Review

YEARLY HIGH

32.7699 PHP

YEARLY LOW

30.7554 PHP

YEARLY AVERAGE

31.6922 PHP

2024 BGN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 32.7699. Conversely, the yearly low was recorded on February 15, dropping to 30.7554.

This high-to-low spread represents a total annual volatility of 2.0145 PHP. From a start-to-finish perspective, comparing the January average rate of 31.2121 to the December average rate of 31.2873, the exchange rate registered a net change of 0.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 32.7699 was up 3.29% compared to the 2023 peak of 31.7252, 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 163,850 PHP

2023 Average 153,825 PHP

Yearly Trough Low 153,777 PHP

Transaction Impact: A difference of 10,072.62 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

32.5991

30.7628

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 31.4539, compared to 31.9306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4767 points.

H1 Avg (Jan–Jun) 31.4539

H2 Avg (Jul–Dec) 31.9306

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.2238 PHP (High: 32.6121 / Low: 31.3883). On the other end, July was the most stable month, with a tight range of 0.3449 PHP (High: 32.6097 / Low: 32.2648).

November Spread (Volatile) ±1.2238

July Spread (Stable) ±0.3449

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.6057 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 32.3041) against the same month in 2023 (average: 30.9407), the exchange rate shifted by +1.3634 (+4.41%).

2024 Avg (June) 32.3041

2023 Avg (June) 30.9407

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.5054	31.0271	31.2121
February	31.1548	30.7554	30.9158
March	31.3239	30.8950	31.0732
April	31.6953	30.7832	31.2761
May	32.4515	31.4138	31.9418
June	32.7699	32.0114	32.3041
July	32.6097	32.2648	32.4460
August	32.3992	31.7769	32.1103
September	32.0369	31.5585	31.8272
October	32.4283	31.6115	32.0198
November	32.6121	31.3883	31.8929
December	31.7122	30.8086	31.2873