2023 GMD to PHP Historical Review

YEARLY HIGH

0.9461 PHP

YEARLY LOW

0.8203 PHP

YEARLY AVERAGE

0.8943 PHP

2023 GMD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.9461. Conversely, the yearly low was recorded on November 20, dropping to 0.8203.

This high-to-low spread represents a total annual volatility of 0.1259 PHP. From a start-to-finish perspective, comparing the January average rate of 0.8857 to the December average rate of 0.8243, the exchange rate registered a net change of -6.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9461 was down 12.20% compared to the 2022 peak of 1.0777, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,731 PHP

2022 Average 4,926 PHP

Yearly Trough Low 4,101 PHP

Transaction Impact: A difference of 629.39 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9497

0.8129

JanuMarcMayJulySeptNove

GMD 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 0.9066, compared to 0.8820 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0246 points.

H1 Avg (Jan–Jun) 0.9066

H2 Avg (Jul–Dec) 0.8820

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0722 PHP (High: 0.9441 / Low: 0.8719). On the other end, December was the most stable month, with a tight range of 0.0120 PHP (High: 0.8332 / Low: 0.8212).

September Spread (Volatile) ±0.0722

December Spread (Stable) ±0.0120

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 September and October, when the average rate fell by 0.0541 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0541

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.9330) against the same month in 2022 (average: 0.9706), the exchange rate shifted by -0.0376 (-3.88%).

2023 Avg (May) 0.9330

2022 Avg (May) 0.9706

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9025	0.8710	0.8857
February	0.9080	0.8776	0.8978
March	0.9087	0.8733	0.8916
April	0.9254	0.8733	0.8935
May	0.9461	0.9192	0.9330
June	0.9457	0.9249	0.9383
July	0.9341	0.9111	0.9206
August	0.9385	0.9093	0.9294
September	0.9441	0.8719	0.9195
October	0.8809	0.8592	0.8654
November	0.8713	0.8203	0.8331
December	0.8332	0.8212	0.8243