YEARLY HIGH
0.1252 BOB
YEARLY LOW
0.1163 BOB
YEARLY AVERAGE
0.1207 BOB

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.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 31,308 BOB
2023 Average 31,056 BOB
Yearly Trough Low 29,065 BOB
Transaction Impact: A difference of 2,243.01 BOB purely based on transaction execution date.

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0.1242
0.1171
JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1215, compared to 0.1199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.1215
H2 Avg (Jul–Dec) 0.1199

Volatility Range Comparison

Volatility

The 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).

August Spread (Volatile) Âą0.0050
July Spread (Stable) Âą0.0012

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2024 Avg (March) 0.1236
2023 Avg (March) 0.1261

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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