2021 ERN to PHP Historical Review

YEARLY HIGH

51.3050 PHP

YEARLY LOW

47.4959 PHP

YEARLY AVERAGE

49.2676 PHP

2021 ERN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ERN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 51.3050. Conversely, the yearly low was recorded on May 9, dropping to 47.4959.

This high-to-low spread represents a total annual volatility of 3.8091 PHP. From a start-to-finish perspective, comparing the January average rate of 48.0755 to the December average rate of 50.3159, the exchange rate registered a net change of 4.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 51.3050 was down 0.86% compared to the 2020 peak of 51.7500, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 256,525 PHP

2020 Average 248,028 PHP

Yearly Trough Low 237,480 PHP

Transaction Impact: A difference of 19,045.35 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

50.9884

47.6023

JanuMarcMayJulySeptNove

ERN 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 48.2343, compared to 50.3009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0666 points.

H1 Avg (Jan–Jun) 48.2343

H2 Avg (Jul–Dec) 50.3009

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 1.9008 PHP (High: 50.7276 / Low: 48.8269). On the other end, March was the most stable month, with a tight range of 0.3767 PHP (High: 48.7005 / Low: 48.3238).

August Spread (Volatile) ±1.9008

March Spread (Stable) ±0.3767

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.5565 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.5565

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 50.3159) against the same month in 2020 (average: 48.0829), the exchange rate shifted by +2.2330 (+4.64%).

2021 Avg (December) 50.3159

2020 Avg (December) 48.0829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	48.3389	47.8788	48.0755
February	48.9707	47.9226	48.2953
March	48.7005	48.3238	48.5361
April	48.6294	48.2398	48.4410
May	48.2399	47.4959	47.8845
June	48.8281	47.6154	48.1734
July	50.9357	49.1100	50.0345
August	50.7276	48.8269	50.1964
September	51.1369	49.7299	50.2023
October	50.8625	50.3153	50.7062
November	50.7200	49.8152	50.3500
December	51.3050	49.8600	50.3159

૨૦૨૫ ERN થી PHP ઐતિહાસિક સમીક્ષા