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2019 ZAR to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2019
During 2019, the ZAR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 3.9305. Conversely, the yearly low was recorded on November 1, dropping to 3.3520.
This high-to-low spread represents a total annual volatility of 0.5786 PHP. From a start-to-finish perspective, comparing the January average rate of 3.7916 to the December average rate of 3.5283, the exchange rate registered a net change of -6.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2019 high of 3.9305 was down 12.64% compared to the 2018 peak of 4.4990, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 ZAR based on timing:
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ZAR 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 3.6781, compared to 3.4967 in the second half (H2: JulâDec). This shows that the rate was stronger in the first half (JanâJun) by a margin of 0.1814 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2019 was January, with a trading range of 0.3368 PHP (High: 3.9305 / Low: 3.5937). On the other end, March was the most stable month, with a tight range of 0.1115 PHP (High: 3.7186 / Low: 3.6071).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.2007 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2019: 3.7916) against the same month in 2018 (average: 4.1459), the exchange rate shifted by -0.3542 (-8.54%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 3.9305 | 3.5937 | 3.7916 |
| February | 3.9261 | 3.6912 | 3.7813 |
| March | 3.7186 | 3.6071 | 3.6483 |
| April | 3.7297 | 3.6136 | 3.6733 |
| May | 3.6862 | 3.5279 | 3.6247 |
| June | 3.6403 | 3.4409 | 3.5494 |
| July | 3.6848 | 3.5552 | 3.6357 |
| August | 3.5075 | 3.3841 | 3.4350 |
| September | 3.5647 | 3.4221 | 3.4986 |
| October | 3.5104 | 3.3584 | 3.4553 |
| November | 3.4703 | 3.3520 | 3.4272 |
| December | 3.6227 | 3.4309 | 3.5283 |