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2021 SCR to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2021
During 2021, the SCR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 3.9753. Conversely, the yearly low was recorded on January 10, dropping to 2.2215.
This high-to-low spread represents a total annual volatility of 1.7539 PHP. From a start-to-finish perspective, comparing the January average rate of 2.2645 to the December average rate of 3.7410, the exchange rate registered a net change of 65.20% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2021 high of 3.9753 was down 2.94% compared to the 2020 peak of 4.0958, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SCR based on timing:
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SCR to PHP 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 2.6618, compared to 3.6716 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 1.0098 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2021 was April, with a trading range of 1.1415 PHP (High: 3.4772 / Low: 2.3356). On the other end, January was the most stable month, with a tight range of 0.0582 PHP (High: 2.2796 / Low: 2.2215).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.1500 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2021: 3.6761) against the same month in 2020 (average: 2.6250), the exchange rate shifted by +1.0511 (+40.04%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 2.2796 | 2.2215 | 2.2645 |
| February | 2.3399 | 2.2540 | 2.2813 |
| March | 2.3861 | 2.2699 | 2.2932 |
| April | 3.4772 | 2.3356 | 2.9915 |
| May | 3.2576 | 2.8943 | 3.0427 |
| June | 3.3078 | 2.8855 | 3.0977 |
| July | 3.7097 | 3.0662 | 3.3903 |
| August | 3.9045 | 3.2843 | 3.6632 |
| September | 3.9344 | 3.6037 | 3.8261 |
| October | 3.9753 | 3.3944 | 3.6761 |
| November | 3.9479 | 3.3834 | 3.7332 |
| December | 3.9420 | 3.3618 | 3.7410 |