YEARLY HIGH
425.3208 STD
YEARLY LOW
389.1032 STD
YEARLY AVERAGE
406.3572 STD

2023 PHP to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 425.3208. Conversely, the yearly low was recorded on September 26, dropping to 389.1032.

This high-to-low spread represents a total annual volatility of 36.2177 STD. From a start-to-finish perspective, comparing the January average rate of 415.5159 to the December average rate of 401.3336, the exchange rate registered a net change of -3.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 425.3208 was down 3.38% compared to the 2022 peak of 440.2063, 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 106,330,204 STD
2022 Average 101,808,760 STD
Yearly Trough Low 97,275,791 STD
Transaction Impact: A difference of 9,054,413.26 STD purely based on transaction execution date.

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419.5175
389.8705
JanuMarcMayJulySeptNove

PHP to STD 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 413.3431, compared to 399.3713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 13.9718 points.

H1 Avg (Jan–Jun) 413.3431
H2 Avg (Jul–Dec) 399.3713

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 15.1896 STD (High: 420.5172 / Low: 405.3275). On the other end, October was the most stable month, with a tight range of 3.0367 STD (High: 393.6679 / Low: 390.6312).

April Spread (Volatile) Âą15.1896
October Spread (Stable) Âą3.0367

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 18.6758 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -18.6758

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 416.1191) against the same month in 2022 (average: 412.1862), the exchange rate shifted by +3.9329 (+0.95%).

2023 Avg (February) 416.1191
2022 Avg (February) 412.1862

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Month High Low Average
January 419.6744 407.7897 415.5159
February 425.3208 411.0579 416.1191
March 421.9632 411.0949 417.0469
April 420.5172 405.3275 413.1299
May 412.4597 404.9966 409.2718
June 413.7704 405.8753 408.9750
July 419.9755 405.7359 414.4395
August 405.8505 391.7886 395.7637
September 393.4038 389.1032 392.3411
October 393.6679 390.6312 392.4280
November 403.7765 393.1226 399.9220
December 403.0352 398.8686 401.3336