2023 ETB to PHP Historical Review

YEARLY HIGH

1.0436 PHP

YEARLY LOW

0.9812 PHP

YEARLY AVERAGE

1.0161 PHP

2023 ETB to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1.0436. Conversely, the yearly low was recorded on December 25, dropping to 0.9812.

This high-to-low spread represents a total annual volatility of 0.0624 PHP. From a start-to-finish perspective, comparing the January average rate of 1.0242 to the December average rate of 0.9886, the exchange rate registered a net change of -3.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0436 was down 7.10% compared to the 2022 peak of 1.1234, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,218 PHP

2022 Average 5,245 PHP

Yearly Trough Low 4,906 PHP

Transaction Impact: A difference of 311.94 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0325

0.9847

JanuMarcMayJulySeptNove

ETB 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 1.0220, compared to 1.0102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 1.0220

H2 Avg (Jul–Dec) 1.0102

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0459 PHP (High: 1.0388 / Low: 0.9929). On the other end, October was the most stable month, with a tight range of 0.0083 PHP (High: 1.0259 / Low: 1.0176).

February Spread (Volatile) ±0.0459

October Spread (Stable) ±0.0083

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 October and November, when the average rate fell by 0.0215 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0215

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0242) against the same month in 2022 (average: 1.0328), the exchange rate shifted by -0.0086 (-0.84%).

2023 Avg (January) 1.0242

2022 Avg (January) 1.0328

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0436	1.0143	1.0242
February	1.0388	0.9929	1.0213
March	1.0321	1.0039	1.0183
April	1.0410	1.0020	1.0199
May	1.0369	1.0171	1.0257
June	1.0327	1.0061	1.0225
July	1.0182	0.9879	1.0015
August	1.0327	0.9986	1.0222
September	1.0357	1.0248	1.0285
October	1.0259	1.0176	1.0210
November	1.0179	0.9884	0.9995
December	0.9997	0.9812	0.9886