2023 CUC to PHP Historical Review

YEARLY HIGH

57.2645 PHP

YEARLY LOW

53.6630 PHP

YEARLY AVERAGE

55.6142 PHP

2023 CUC to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CUC to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 57.2645. Conversely, the yearly low was recorded on February 5, dropping to 53.6630.

This high-to-low spread represents a total annual volatility of 3.6015 PHP. From a start-to-finish perspective, comparing the January average rate of 54.9338 to the December average rate of 55.5200, the exchange rate registered a net change of 1.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 57.2645 was down 3.32% compared to the 2022 peak of 59.2300, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 286,323 PHP

2022 Average 272,535 PHP

Yearly Trough Low 268,315 PHP

Transaction Impact: A difference of 18,007.53 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

56.9984

54.5247

JanuMarcMayJulySeptNove

CUC 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 55.2250, compared to 56.0035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7785 points.

H1 Avg (Jan–Jun) 55.2250

H2 Avg (Jul–Dec) 56.0035

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 2.0340 PHP (High: 56.3100 / Low: 54.2760). On the other end, October was the most stable month, with a tight range of 0.4400 PHP (High: 57.0405 / Low: 56.6005).

April Spread (Volatile) ±2.0340

October Spread (Stable) ±0.4400

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 October and November, when the average rate fell by 1.0621 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0621

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 56.7922) against the same month in 2022 (average: 57.6540), the exchange rate shifted by -0.8618 (-1.49%).

2023 Avg (September) 56.7922

2022 Avg (September) 57.6540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	55.9700	54.3850	54.9338
February	55.5250	53.6630	54.8540
March	55.5200	54.0900	54.7309
April	56.3100	54.2760	55.2532
May	56.3560	55.3363	55.7688
June	56.2340	55.1610	55.8091
July	55.6700	54.3460	54.9065
August	56.8720	54.9015	56.3052
September	57.2645	56.6385	56.7922
October	57.0405	56.6005	56.7796
November	56.6790	55.1835	55.7175
December	55.8625	55.2850	55.5200