2024 BOB to PHP Historical Review

YEARLY HIGH

8.6014 PHP

YEARLY LOW

7.9852 PHP

YEARLY AVERAGE

8.2884 PHP

2024 BOB to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 8.6014. Conversely, the yearly low was recorded on March 13, dropping to 7.9852.

This high-to-low spread represents a total annual volatility of 0.6162 PHP. From a start-to-finish perspective, comparing the January average rate of 8.1000 to the December average rate of 8.4554, the exchange rate registered a net change of 4.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 8.6014 was up 3.79% compared to the 2023 peak of 8.2870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 43,007 PHP

2023 Average 40,258 PHP

Yearly Trough Low 39,926 PHP

Transaction Impact: A difference of 3,081.16 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

8.5346

8.0514

JanuMarcMayJulySeptNove

BOB 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 8.2324, compared to 8.3444 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1120 points.

H1 Avg (Jan–Jun) 8.2324

H2 Avg (Jul–Dec) 8.3444

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.3465 PHP (High: 8.4611 / Low: 8.1146). On the other end, July was the most stable month, with a tight range of 0.0845 PHP (High: 8.5098 / Low: 8.4253).

August Spread (Volatile) ±0.3465

July Spread (Stable) ±0.0845

Growth Streaks & Declines

Trends

Between March and June, 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 0.2130 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 8.4554) against the same month in 2023 (average: 8.0257), the exchange rate shifted by +0.4297 (+5.35%).

2024 Avg (December) 8.4554

2023 Avg (December) 8.0257

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.1635	7.9945	8.1000
February	8.1585	8.0442	8.1043
March	8.1969	7.9852	8.0916
April	8.3681	8.1147	8.2421
May	8.4679	8.2433	8.3620
June	8.5381	8.4402	8.4944
July	8.5098	8.4253	8.4643
August	8.4611	8.1146	8.2513
September	8.2010	8.0291	8.1055
October	8.4479	8.1180	8.3069
November	8.5579	8.3946	8.4830
December	8.6014	8.3555	8.4554