YEARLY HIGH
2.7100 ISK
YEARLY LOW
2.4356 ISK
YEARLY AVERAGE
2.5784 ISK

2021 PHP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PHP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 2.7100. Conversely, the yearly low was recorded on July 19, dropping to 2.4356.

This high-to-low spread represents a total annual volatility of 0.2743 ISK. From a start-to-finish perspective, comparing the January average rate of 2.6739 to the December average rate of 2.5857, the exchange rate registered a net change of -3.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.7100 was down 7.09% compared to the 2020 peak of 2.9166, 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 677,491 ISK
2020 Average 682,532 ISK
Yearly Trough Low 608,905 ISK
Transaction Impact: A difference of 68,586.41 ISK purely based on transaction execution date.

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2.6928
2.4665
JanuMarcMayJulySeptNove

PHP to ISK 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 2.6104, compared to 2.5464 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0640 points.

H1 Avg (Jan–Jun) 2.6104
H2 Avg (Jul–Dec) 2.5464

Volatility Range Comparison

Volatility

The most volatile month in 2021 was February, with a trading range of 0.1354 ISK (High: 2.7100 / Low: 2.5746). On the other end, June was the most stable month, with a tight range of 0.0403 ISK (High: 2.5481 / Low: 2.5078).

February Spread (Volatile) Âą0.1354
June Spread (Stable) Âą0.0403

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0490 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 2.6564) against the same month in 2020 (average: 2.4903), the exchange rate shifted by +0.1661 (+6.67%).

2021 Avg (February) 2.6564
2020 Avg (February) 2.4903

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Month High Low Average
January 2.6991 2.6300 2.6739
February 2.7100 2.5746 2.6564
March 2.6510 2.5733 2.6232
April 2.6265 2.5252 2.5996
May 2.6268 2.5081 2.5747
June 2.5481 2.5078 2.5343
July 2.5245 2.4356 2.4853
August 2.5853 2.4741 2.5134
September 2.5927 2.5055 2.5526
October 2.5677 2.5212 2.5460
November 2.6383 2.5550 2.5952
December 2.6115 2.5411 2.5857