YEARLY HIGH
8.1676 NGN
YEARLY LOW
7.3043 NGN
YEARLY AVERAGE
7.7850 NGN

2022 PHP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the PHP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 12, valuing the pair at 8.1676. Conversely, the yearly low was recorded on September 23, dropping to 7.3043.

This high-to-low spread represents a total annual volatility of 0.8633 NGN. From a start-to-finish perspective, comparing the January average rate of 8.0783 to the December average rate of 8.0189, the exchange rate registered a net change of -0.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 8.1676 was down 5.73% compared to the 2021 peak of 8.6640, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 2,041,888 NGN
2021 Average 2,046,739 NGN
Yearly Trough Low 1,826,067 NGN
Transaction Impact: A difference of 215,820.83 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

8.1811
7.3452
JanuMarcMayJulySeptNove

PHP to NGN 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 7.9725, compared to 7.5976 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3749 points.

H1 Avg (Jan–Jun) 7.9725
H2 Avg (Jul–Dec) 7.5976

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.4311 NGN (High: 7.8700 / Low: 7.4389). On the other end, May was the most stable month, with a tight range of 0.0945 NGN (High: 7.9596 / Low: 7.8651).

November Spread (Volatile) ±0.4311
May Spread (Stable) ±0.0945

Growth Streaks & Declines

Trends

Between October and December, 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 June and July, when the average rate fell by 0.2501 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.2501

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2022: 8.1115) against the same month in 2021 (average: 8.0733), the exchange rate shifted by +0.0382 (+0.47%).

2022 Avg (February) 8.1115
2021 Avg (February) 8.0733

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 8.1311 8.0070 8.0783
February 8.1676 8.0470 8.1115
March 8.1068 7.9256 7.9816
April 8.1082 7.9190 7.9902
May 7.9596 7.8651 7.9282
June 7.9081 7.5469 7.7450
July 7.5997 7.3662 7.4950
August 7.6214 7.4544 7.5369
September 7.5474 7.3043 7.4309
October 7.5609 7.3230 7.4149
November 7.8700 7.4389 7.6889
December 8.1158 7.9107 8.0189