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2024 JOD to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the JOD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 83.7821. Conversely, the yearly low was recorded on January 1, dropping to 78.0693.
This high-to-low spread represents a total annual volatility of 5.7127 PHP. From a start-to-finish perspective, comparing the January average rate of 78.8829 to the December average rate of 82.3791, 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 83.7821 was up 3.85% compared to the 2023 peak of 80.6770, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 JOD based on timing:
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JOD 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 80.2602, compared to 81.3691 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.1089 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 3.1337 PHP (High: 82.5255 / Low: 79.3918). On the other end, June was the most stable month, with a tight range of 0.7627 PHP (High: 83.1812 / Low: 82.4185).
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 2.1147 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 82.3791) against the same month in 2023 (average: 78.2597), the exchange rate shifted by +4.1194 (+5.26%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 79.5109 | 78.0693 | 78.8829 |
| February | 79.4677 | 78.6925 | 79.0050 |
| March | 79.5437 | 78.0724 | 78.8646 |
| April | 81.6241 | 79.3511 | 80.4770 |
| May | 82.6245 | 80.5186 | 81.5106 |
| June | 83.1812 | 82.4185 | 82.8213 |
| July | 82.9620 | 82.1095 | 82.5089 |
| August | 82.2894 | 79.2261 | 80.3942 |
| September | 79.7679 | 78.4020 | 79.0721 |
| October | 82.5255 | 79.3918 | 81.0923 |
| November | 83.3014 | 82.1303 | 82.7682 |
| December | 83.7821 | 81.5144 | 82.3791 |