2014 GHS to PHP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 GHS to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the GHS to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 19.0984. Conversely, the yearly low was recorded on August 19, dropping to 11.2682.
This high-to-low spread represents a total annual volatility of 7.8303 PHP. From a start-to-finish perspective, comparing the January average rate of 18.8628 to the December average rate of 13.9439, the exchange rate registered a net change of -26.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2014 high of 19.0984 was down 12.57% compared to the 2013 peak of 21.8454, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GHS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
GHS to PHP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 16.5710, compared to 13.1959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3752 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was September, with a trading range of 2.2875 PHP (High: 13.7634 / Low: 11.4759). On the other end, December was the most stable month, with a tight range of 0.1518 PHP (High: 14.0134 / Low: 13.8617).
Growth Streaks & Declines
TrendsBetween August and November, 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 June and July, when the average rate fell by 1.1893 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2014: 18.8628) against the same month in 2013 (average: 21.4132), the exchange rate shifted by -2.5504 (-11.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 19.0984 | 18.5896 | 18.8628 |
| February | 18.9403 | 17.3758 | 18.0080 |
| March | 17.5370 | 16.6556 | 17.2715 |
| April | 16.6711 | 15.7662 | 16.1338 |
| May | 15.7549 | 14.5272 | 15.0775 |
| June | 14.6990 | 13.3391 | 14.0726 |
| July | 13.3944 | 12.2912 | 12.8833 |
| August | 12.9750 | 11.2682 | 12.0509 |
| September | 13.7634 | 11.4759 | 12.4259 |
| October | 14.0478 | 13.7255 | 13.8680 |
| November | 14.1294 | 13.8479 | 14.0033 |
| December | 14.0134 | 13.8617 | 13.9439 |