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2024 PHP to BOB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.1252. Conversely, the yearly low was recorded on December 18, dropping to 0.1163.
This high-to-low spread represents a total annual volatility of 0.0090 BOB. From a start-to-finish perspective, comparing the January average rate of 0.1235 to the December average rate of 0.1183, the exchange rate registered a net change of -4.20% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 0.1252 was down 3.64% compared to the 2023 peak of 0.1300, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to BOB 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 0.1215, compared to 0.1199 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.0016 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.0050 BOB (High: 0.1232 / Low: 0.1182). On the other end, July was the most stable month, with a tight range of 0.0012 BOB (High: 0.1187 / Low: 0.1175).
Growth Streaks & Declines
TrendsBetween June and September, 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 September and October, when the average rate fell by 0.0030 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 0.1236) against the same month in 2023 (average: 0.1261), the exchange rate shifted by -0.0025 (-1.98%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.1251 | 0.1225 | 0.1235 |
| February | 0.1243 | 0.1226 | 0.1234 |
| March | 0.1252 | 0.1220 | 0.1236 |
| April | 0.1232 | 0.1195 | 0.1213 |
| May | 0.1213 | 0.1181 | 0.1196 |
| June | 0.1185 | 0.1171 | 0.1177 |
| July | 0.1187 | 0.1175 | 0.1181 |
| August | 0.1232 | 0.1182 | 0.1212 |
| September | 0.1245 | 0.1219 | 0.1234 |
| October | 0.1232 | 0.1184 | 0.1204 |
| November | 0.1191 | 0.1169 | 0.1179 |
| December | 0.1197 | 0.1163 | 0.1183 |