YEARLY HIGH
2.1602 PHP
YEARLY LOW
2.0208 PHP
YEARLY AVERAGE
2.0862 PHP

2016 HNL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the HNL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 2.1602. Conversely, the yearly low was recorded on August 28, dropping to 2.0208.

This high-to-low spread represents a total annual volatility of 0.1394 PHP. From a start-to-finish perspective, comparing the January average rate of 2.1184 to the December average rate of 2.1341, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.1602 was down 0.99% compared to the 2015 peak of 2.1818, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,801 PHP
2015 Average 10,491 PHP
Yearly Trough Low 10,104 PHP
Transaction Impact: A difference of 697.04 PHP purely based on transaction execution date.

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2.1468
2.0296
JanuMarcMayJulySeptNove

HNL 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 2.0770, compared to 2.0953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0183 points.

H1 Avg (Jan–Jun) 2.0770
H2 Avg (Jul–Dec) 2.0953

Volatility Range Comparison

Volatility

The most volatile month in 2016 was September, with a trading range of 0.0840 PHP (High: 2.1203 / Low: 2.0362). On the other end, December was the most stable month, with a tight range of 0.0272 PHP (High: 2.1502 / Low: 2.1230).

September Spread (Volatile) Âą0.0840
December Spread (Stable) Âą0.0272

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.0486 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0486

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 2.1370) against the same month in 2015 (average: 2.1431), the exchange rate shifted by -0.0061 (-0.28%).

2016 Avg (November) 2.1370
2015 Avg (November) 2.1431

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Month High Low Average
January 2.1337 2.1010 2.1184
February 2.1337 2.0944 2.1095
March 2.0895 2.0357 2.0609
April 2.0835 2.0381 2.0537
May 2.0953 2.0614 2.0727
June 2.0741 2.0255 2.0470
July 2.0804 2.0423 2.0654
August 2.0651 2.0208 2.0393
September 2.1203 2.0362 2.0806
October 2.1367 2.0993 2.1152
November 2.1602 2.1090 2.1370
December 2.1502 2.1230 2.1341