2023 BWP to PHP Historical Review

YEARLY HIGH

4.3980 PHP

YEARLY LOW

4.0456 PHP

YEARLY AVERAGE

4.1655 PHP

2023 BWP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 4.3980. Conversely, the yearly low was recorded on December 6, dropping to 4.0456.

This high-to-low spread represents a total annual volatility of 0.3524 PHP. From a start-to-finish perspective, comparing the January average rate of 4.3005 to the December average rate of 4.1110, the exchange rate registered a net change of -4.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.3980 was down 3.36% compared to the 2022 peak of 4.5509, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,990 PHP

2022 Average 22,037 PHP

Yearly Trough Low 20,228 PHP

Transaction Impact: A difference of 1,762.10 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.3195

4.0920

JanuMarcMayJulySeptNove

BWP 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 4.1894, compared to 4.1416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0479 points.

H1 Avg (Jan–Jun) 4.1894

H2 Avg (Jul–Dec) 4.1416

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1476 PHP (High: 4.3980 / Low: 4.2504). On the other end, October was the most stable month, with a tight range of 0.0765 PHP (High: 4.1680 / Low: 4.0915).

January Spread (Volatile) ±0.1476

October Spread (Stable) ±0.0765

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1079 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1079

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 4.3005) against the same month in 2022 (average: 4.4124), the exchange rate shifted by -0.1119 (-2.54%).

2023 Avg (January) 4.3005

2022 Avg (January) 4.4124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.3980	4.2504	4.3005
February	4.2580	4.1343	4.1926
March	4.1962	4.0727	4.1405
April	4.2819	4.1411	4.2099
May	4.2147	4.0693	4.1409
June	4.2114	4.0674	4.1522
July	4.2186	4.0950	4.1477
August	4.2159	4.1281	4.1727
September	4.2051	4.1153	4.1617
October	4.1680	4.0915	4.1338
November	4.1700	4.0748	4.1225
December	4.1736	4.0456	4.1110