YEARLY HIGH
2.4189 NPR
YEARLY LOW
2.2662 NPR
YEARLY AVERAGE
2.3369 NPR

2024 PHP to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 2.4189. Conversely, the yearly low was recorded on June 22, dropping to 2.2662.

This high-to-low spread represents a total annual volatility of 0.1526 NPR. From a start-to-finish perspective, comparing the January average rate of 2.3760 to the December average rate of 2.3259, the exchange rate registered a net change of -2.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4189 was down 1.77% compared to the 2023 peak of 2.4625, 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 604,720 NPR
2023 Average 593,767 NPR
Yearly Trough Low 566,561 NPR
Transaction Impact: A difference of 38,158.95 NPR purely based on transaction execution date.

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2.4051
2.2630
JanuMarcMayJulySeptNove

PHP to NPR 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 2.3405, compared to 2.3333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0072 points.

H1 Avg (Jan–Jun) 2.3405
H2 Avg (Jul–Dec) 2.3333

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1010 NPR (High: 2.3924 / Low: 2.2914). On the other end, June was the most stable month, with a tight range of 0.0226 NPR (High: 2.2888 / Low: 2.2662).

August Spread (Volatile) Âą0.1010
June Spread (Stable) Âą0.0226

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 0.0525 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 2.3760) against the same month in 2023 (average: 2.3833), the exchange rate shifted by -0.0073 (-0.31%).

2024 Avg (January) 2.3760
2023 Avg (January) 2.3833

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Month High Low Average
January 2.4189 2.3553 2.3760
February 2.3859 2.3532 2.3707
March 2.3928 2.3581 2.3748
April 2.3700 2.3034 2.3380
May 2.3391 2.2778 2.3085
June 2.2888 2.2662 2.2749
July 2.2966 2.2709 2.2866
August 2.3924 2.2914 2.3541
September 2.4121 2.3715 2.3933
October 2.3934 2.3042 2.3408
November 2.3220 2.2805 2.2991
December 2.3670 2.2878 2.3259