YEARLY HIGH
3.5947 LRD
YEARLY LOW
3.0455 LRD
YEARLY AVERAGE
3.3426 LRD

2024 PHP to LRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 3.5947. Conversely, the yearly low was recorded on December 18, dropping to 3.0455.

This high-to-low spread represents a total annual volatility of 0.5493 LRD. From a start-to-finish perspective, comparing the January average rate of 3.3798 to the December average rate of 3.0909, the exchange rate registered a net change of -8.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.5947 was up 5.52% compared to the 2023 peak of 3.4068, 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 898,686 LRD
2023 Average 785,068 LRD
Yearly Trough Low 761,367 LRD
Transaction Impact: A difference of 137,318.44 LRD purely based on transaction execution date.

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3.5303
3.0510
JanuMarcMayJulySeptNove

PHP to LRD 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 3.3763, compared to 3.3088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0674 points.

H1 Avg (Jan–Jun) 3.3763
H2 Avg (Jul–Dec) 3.3088

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.2425 LRD (High: 3.2902 / Low: 3.0477). On the other end, June was the most stable month, with a tight range of 0.0379 LRD (High: 3.3291 / Low: 3.2911).

November Spread (Volatile) Âą0.2425
June Spread (Stable) Âą0.0379

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 October and November, when the average rate fell by 0.2004 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 3.4903) against the same month in 2023 (average: 3.2812), the exchange rate shifted by +0.2091 (+6.37%).

2024 Avg (September) 3.4903
2023 Avg (September) 3.2812

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Month High Low Average
January 3.4022 3.3588 3.3798
February 3.4171 3.3730 3.4000
March 3.4778 3.4160 3.4422
April 3.4289 3.2806 3.3793
May 3.3901 3.3079 3.3502
June 3.3291 3.2911 3.3061
July 3.3530 3.3069 3.3333
August 3.4752 3.3514 3.4326
September 3.5947 3.4473 3.4903
October 3.4427 3.2889 3.3532
November 3.2902 3.0477 3.1527
December 3.1609 3.0455 3.0909