YEARLY HIGH
15.9063 PHP
YEARLY LOW
14.4121 PHP
YEARLY AVERAGE
15.2668 PHP

2024 PEN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 15.9063. Conversely, the yearly low was recorded on February 15, dropping to 14.4121.

This high-to-low spread represents a total annual volatility of 1.4942 PHP. From a start-to-finish perspective, comparing the January average rate of 14.9986 to the December average rate of 15.6571, the exchange rate registered a net change of 4.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 15.9063 was up 3.02% compared to the 2023 peak of 15.4402, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,531 PHP
2023 Average 74,392 PHP
Yearly Trough Low 72,060 PHP
Transaction Impact: A difference of 7,470.86 PHP purely based on transaction execution date.

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15.7595
14.5304
JanuMarcMayJulySeptNove

PEN 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 15.1728, compared to 15.3607 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1879 points.

H1 Avg (Jan–Jun) 15.1728
H2 Avg (Jul–Dec) 15.3607

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.6292 PHP (High: 15.6024 / Low: 14.9732). On the other end, November was the most stable month, with a tight range of 0.2476 PHP (High: 15.6754 / Low: 15.4278).

August Spread (Volatile) Âą0.6292
November Spread (Stable) Âą0.2476

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.3888 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.3888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 15.6571) against the same month in 2023 (average: 14.8608), the exchange rate shifted by +0.7963 (+5.36%).

2024 Avg (December) 15.6571
2023 Avg (December) 14.8608

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Month High Low Average
January 15.1857 14.7753 14.9986
February 14.8792 14.4121 14.6329
March 15.3523 14.8033 15.0505
April 15.5967 15.1131 15.3518
May 15.6119 15.1946 15.4849
June 15.7901 15.2311 15.5183
July 15.6918 15.2941 15.5374
August 15.6024 14.9732 15.2553
September 15.1239 14.7128 14.8665
October 15.5470 15.0654 15.3235
November 15.6754 15.4278 15.5247
December 15.9063 15.4542 15.6571