YEARLY HIGH
0.0427 TOP
YEARLY LOW
0.0400 TOP
YEARLY AVERAGE
0.0414 TOP

2024 PHP to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.0427. Conversely, the yearly low was recorded on June 4, dropping to 0.0400.

This high-to-low spread represents a total annual volatility of 0.0028 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0421 to the December average rate of 0.0410, the exchange rate registered a net change of -2.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0427 was down 1.95% compared to the 2023 peak of 0.0436, 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 10,685 TOP
2023 Average 10,619 TOP
Yearly Trough Low 9,991 TOP
Transaction Impact: A difference of 693.44 TOP purely based on transaction execution date.

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0.0426
0.0400
JanuMarcMayJulySeptNove

PHP to TOP 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 0.0416, compared to 0.0411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0416
H2 Avg (Jul–Dec) 0.0411

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0015 TOP (High: 0.0418 / Low: 0.0403). On the other end, November was the most stable month, with a tight range of 0.0005 TOP (High: 0.0409 / Low: 0.0405).

May Spread (Volatile) Âą0.0015
November Spread (Stable) Âą0.0005

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 April and May, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0423) against the same month in 2023 (average: 0.0426), the exchange rate shifted by -0.0003 (-0.81%).

2024 Avg (February) 0.0423
2023 Avg (February) 0.0426

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Month High Low Average
January 0.0424 0.0418 0.0421
February 0.0427 0.0420 0.0423
March 0.0426 0.0419 0.0424
April 0.0424 0.0412 0.0418
May 0.0418 0.0403 0.0410
June 0.0405 0.0400 0.0402
July 0.0408 0.0402 0.0405
August 0.0418 0.0408 0.0415
September 0.0422 0.0414 0.0418
October 0.0416 0.0406 0.0411
November 0.0409 0.0405 0.0407
December 0.0414 0.0403 0.0410