2023 BND to PHP Historical Review

YEARLY HIGH

42.2441 PHP

YEARLY LOW

40.4991 PHP

YEARLY AVERAGE

41.4252 PHP

2023 BND to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 42.2441. Conversely, the yearly low was recorded on March 16, dropping to 40.4991.

This high-to-low spread represents a total annual volatility of 1.7450 PHP. From a start-to-finish perspective, comparing the January average rate of 41.3987 to the December average rate of 41.6731, the exchange rate registered a net change of 0.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.2441 was up 0.72% compared to the 2022 peak of 41.9436, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BND based on timing:

Yearly Peak High 211,220 PHP

2022 Average 197,592 PHP

Yearly Trough Low 202,495 PHP

Transaction Impact: A difference of 8,724.83 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.7745

40.7668

JanuMarcMayJulySeptNove

BND to PHP 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 41.3499, compared to 41.5004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1505 points.

H1 Avg (Jan–Jun) 41.3499

H2 Avg (Jul–Dec) 41.5004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.3612 PHP (High: 42.2441 / Low: 40.8828). On the other end, October was the most stable month, with a tight range of 0.4021 PHP (High: 41.6964 / Low: 41.2943).

April Spread (Volatile) ±1.3612

October Spread (Stable) ±0.4021

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3348 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3348

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 41.5382) against the same month in 2022 (average: 38.0771), the exchange rate shifted by +3.4611 (+9.09%).

2023 Avg (April) 41.5382

2022 Avg (April) 38.0771

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.7746	40.9459	41.3987
February	41.6615	40.5676	41.1856
March	41.3746	40.4991	40.8508
April	42.2441	40.8828	41.5382
May	42.0789	41.2689	41.6541
June	41.7695	40.7030	41.4721
July	41.4104	40.7030	41.1440
August	41.9718	41.1542	41.6905
September	42.0600	41.3486	41.6878
October	41.6964	41.2943	41.4843
November	41.6319	40.8169	41.3227
December	42.0349	41.2096	41.6731