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2021 PHP to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PHP to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 4.5069. Conversely, the yearly low was recorded on January 5, dropping to 0.8174.
This high-to-low spread represents a total annual volatility of 3.6895 ETB. From a start-to-finish perspective, comparing the January average rate of 0.8199 to the December average rate of 1.0805, the exchange rate registered a net change of 31.79% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 4.5069 was up 449.93% compared to the 2020 peak of 0.8195, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to ETB 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 0.8553, compared to 0.9407 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.0853 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was December, with a trading range of 3.5593 ETB (High: 4.5069 / Low: 0.9475). On the other end, January was the most stable month, with a tight range of 0.0087 ETB (High: 0.8261 / Low: 0.8174).
Growth Streaks & Declines
TrendsBetween January and June, 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 June and July, when the average rate fell by 0.0223 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2021: 1.0805) against the same month in 2020 (average: 0.8050), the exchange rate shifted by +0.2755 (+34.23%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 0.8261 | 0.8174 | 0.8199 |
| February | 0.8368 | 0.8201 | 0.8248 |
| March | 0.8505 | 0.8268 | 0.8342 |
| April | 0.8702 | 0.8456 | 0.8596 |
| May | 0.9130 | 0.8736 | 0.8905 |
| June | 0.9142 | 0.8914 | 0.9030 |
| July | 0.8934 | 0.8671 | 0.8807 |
| August | 0.9267 | 0.8860 | 0.8991 |
| September | 0.9296 | 0.9045 | 0.9176 |
| October | 0.9401 | 0.9084 | 0.9224 |
| November | 0.9571 | 0.9357 | 0.9437 |
| December | 4.5069 | 0.9475 | 1.0805 |