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2021 PHP to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the PHP to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 23.9645. Conversely, the yearly low was recorded on January 2, dropping to 22.4608.
This high-to-low spread represents a total annual volatility of 1.5037 KRW. From a start-to-finish perspective, comparing the January average rate of 22.8769 to the December average rate of 23.5407, the exchange rate registered a net change of 2.90% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 23.9645 was down 2.84% compared to the 2020 peak of 24.6656, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to KRW 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 23.1708, compared to 23.2969 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.1261 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was August, with a trading range of 1.2438 KRW (High: 23.8461 / Low: 22.6022). On the other end, June was the most stable month, with a tight range of 0.3437 KRW (High: 23.4984 / Low: 23.1547).
Growth Streaks & Declines
TrendsBetween January and March, 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 0.4320 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2021: 23.5620) against the same month in 2020 (average: 23.1144), the exchange rate shifted by +0.4476 (+1.94%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 23.2896 | 22.4608 | 22.8769 |
| February | 23.3007 | 22.7825 | 23.0255 |
| March | 23.4422 | 22.6990 | 23.2868 |
| April | 23.2805 | 22.8835 | 23.0970 |
| May | 23.7283 | 23.1709 | 23.4289 |
| June | 23.4984 | 23.1547 | 23.3098 |
| July | 23.0525 | 22.5970 | 22.8778 |
| August | 23.8461 | 22.6022 | 23.1229 |
| September | 23.6344 | 23.0573 | 23.3647 |
| October | 23.6558 | 22.9704 | 23.3134 |
| November | 23.9645 | 23.3106 | 23.5620 |
| December | 23.8722 | 23.2061 | 23.5407 |