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2016 MYR to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2016
During 2016, the MYR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 12.0221. Conversely, the yearly low was recorded on January 6, dropping to 10.6911.
This high-to-low spread represents a total annual volatility of 1.3310 PHP. From a start-to-finish perspective, comparing the January average rate of 10.9736 to the December average rate of 11.1642, the exchange rate registered a net change of 1.74% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2016 high of 12.0221 was down 5.56% compared to the 2015 peak of 12.7304, indicating shifts in long-term support levels.
Comparing the value generated converting 20,000 MYR based on timing:
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MYR 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 11.4511, compared to 11.4910 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.0398 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2016 was January, with a trading range of 0.8225 PHP (High: 11.5137 / Low: 10.6911). On the other end, December was the most stable month, with a tight range of 0.2247 PHP (High: 11.2750 / Low: 11.0503).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 0.3007 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2016: 11.8859) against the same month in 2015 (average: 12.2274), the exchange rate shifted by -0.3415 (-2.79%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 11.5137 | 10.6911 | 10.9736 |
| February | 11.5310 | 11.2960 | 11.3962 |
| March | 11.8119 | 11.2810 | 11.4693 |
| April | 12.0221 | 11.7574 | 11.8859 |
| May | 12.0085 | 11.3543 | 11.5852 |
| June | 11.7492 | 11.2265 | 11.3967 |
| July | 11.9060 | 11.5611 | 11.7145 |
| August | 11.7006 | 11.4291 | 11.5787 |
| September | 11.7147 | 11.4085 | 11.5691 |
| October | 11.7143 | 11.4835 | 11.5834 |
| November | 11.5978 | 11.1446 | 11.3358 |
| December | 11.2750 | 11.0503 | 11.1642 |