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2024 AZN to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the AZN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 34.9618. Conversely, the yearly low was recorded on January 5, dropping to 32.5473.
This high-to-low spread represents a total annual volatility of 2.4145 PHP. From a start-to-finish perspective, comparing the January average rate of 32.9119 to the December average rate of 34.3684, the exchange rate registered a net change of 4.43% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 34.9618 was up 3.79% compared to the 2023 peak of 33.6850, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 AZN based on timing:
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AZN to PHP 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: JanâJun) was 33.4680, compared to 33.9301 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.4622 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 1.3161 PHP (High: 34.4131 / Low: 33.0971). On the other end, June was the most stable month, with a tight range of 0.3179 PHP (High: 34.6768 / Low: 34.3588).
Growth Streaks & Declines
TrendsBetween March and June, 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 July and August, when the average rate fell by 0.8818 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 34.3684) against the same month in 2023 (average: 32.6588), the exchange rate shifted by +1.7096 (+5.23%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 33.1794 | 32.5473 | 32.9119 |
| February | 33.1521 | 32.8194 | 32.9540 |
| March | 33.1632 | 32.5562 | 32.8769 |
| April | 34.0276 | 33.0894 | 33.5469 |
| May | 34.4544 | 33.5668 | 33.9870 |
| June | 34.6768 | 34.3588 | 34.5311 |
| July | 34.5903 | 34.2300 | 34.3973 |
| August | 34.3050 | 33.0279 | 33.5155 |
| September | 33.2538 | 32.6844 | 32.9624 |
| October | 34.4131 | 33.0971 | 33.8102 |
| November | 34.7465 | 34.2676 | 34.5270 |
| December | 34.9618 | 34.0059 | 34.3684 |