YEARLY HIGH
0.9989 PHP
YEARLY LOW
0.9237 PHP
YEARLY AVERAGE
0.9640 PHP

2024 DOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 22, valuing the pair at 0.9989. Conversely, the yearly low was recorded on September 19, dropping to 0.9237.

This high-to-low spread represents a total annual volatility of 0.0752 PHP. From a start-to-finish perspective, comparing the January average rate of 0.9550 to the December average rate of 0.9626, the exchange rate registered a net change of 0.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9989 was down 3.29% compared to the 2023 peak of 1.0329, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,994 PHP
2023 Average 4,968 PHP
Yearly Trough Low 4,619 PHP
Transaction Impact: A difference of 375.93 PHP purely based on transaction execution date.

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0.9965
0.9281
JanuMarcMayJulySeptNove

DOP 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 0.9669, compared to 0.9611 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.9669
H2 Avg (Jul–Dec) 0.9611

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0419 PHP (High: 0.9816 / Low: 0.9398). On the other end, February was the most stable month, with a tight range of 0.0112 PHP (High: 0.9607 / Low: 0.9495).

August Spread (Volatile) Âą0.0419
February Spread (Stable) Âą0.0112

Growth Streaks & Declines

Trends

Between 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 0.0326 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0326

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.9908) against the same month in 2023 (average: 1.0171), the exchange rate shifted by -0.0263 (-2.59%).

2024 Avg (June) 0.9908
2023 Avg (June) 1.0171

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Month High Low Average
January 0.9614 0.9464 0.9550
February 0.9607 0.9495 0.9544
March 0.9586 0.9370 0.9475
April 0.9884 0.9486 0.9655
May 0.9943 0.9819 0.9881
June 0.9989 0.9831 0.9908
July 0.9953 0.9833 0.9886
August 0.9816 0.9398 0.9560
September 0.9476 0.9237 0.9338
October 0.9695 0.9296 0.9527
November 0.9791 0.9654 0.9726
December 0.9769 0.9508 0.9626