2023 CVE to PHP Historical Review

YEARLY HIGH

0.5637 PHP

YEARLY LOW

0.5247 PHP

YEARLY AVERAGE

0.5448 PHP

2023 CVE to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 11, valuing the pair at 0.5637. Conversely, the yearly low was recorded on March 4, dropping to 0.5247.

This high-to-low spread represents a total annual volatility of 0.0390 PHP. From a start-to-finish perspective, comparing the January average rate of 0.5360 to the December average rate of 0.5488, the exchange rate registered a net change of 2.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5637 was up 3.27% compared to the 2022 peak of 0.5459, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,819 PHP

2022 Average 2,593 PHP

Yearly Trough Low 2,623 PHP

Transaction Impact: A difference of 195.22 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5595

0.5284

JanuMarcMayJulySeptNove

CVE 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 0.5406, compared to 0.5490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.5406

H2 Avg (Jul–Dec) 0.5490

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0245 PHP (High: 0.5591 / Low: 0.5345). On the other end, October was the most stable month, with a tight range of 0.0082 PHP (High: 0.5471 / Low: 0.5388).

April Spread (Volatile) ±0.0245

October Spread (Stable) ±0.0082

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.0069 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.5569) against the same month in 2022 (average: 0.5111), the exchange rate shifted by +0.0457 (+8.95%).

2023 Avg (August) 0.5569

2022 Avg (August) 0.5111

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5417	0.5285	0.5360
February	0.5381	0.5268	0.5322
March	0.5361	0.5247	0.5310
April	0.5591	0.5345	0.5487
May	0.5551	0.5411	0.5486
June	0.5528	0.5335	0.5470
July	0.5555	0.5420	0.5500
August	0.5637	0.5457	0.5569
September	0.5586	0.5408	0.5499
October	0.5471	0.5388	0.5435
November	0.5519	0.5312	0.5450
December	0.5575	0.5388	0.5488