2023 PHP to XOF Historical Review

YEARLY HIGH

11.3292 XOF

YEARLY LOW

10.5705 XOF

YEARLY AVERAGE

10.9016 XOF

2023 PHP to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 11.3292. Conversely, the yearly low was recorded on August 30, dropping to 10.5705.

This high-to-low spread represents a total annual volatility of 0.7587 XOF. From a start-to-finish perspective, comparing the January average rate of 11.0698 to the December average rate of 10.8171, the exchange rate registered a net change of -2.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.3292 was down 6.09% compared to the 2022 peak of 12.0636, 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 2,832,296 XOF

2022 Average 2,861,954 XOF

Yearly Trough Low 2,642,616 XOF

Transaction Impact: A difference of 189,679.81 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.2369

10.6284

JanuMarcMayJulySeptNove

PHP to XOF 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 10.9812, compared to 10.8220 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1592 points.

H1 Avg (Jan–Jun) 10.9812

H2 Avg (Jul–Dec) 10.8220

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.6053 XOF (High: 11.1857 / Low: 10.5804). On the other end, October was the most stable month, with a tight range of 0.1812 XOF (High: 11.0276 / Low: 10.8465).

April Spread (Volatile) ±0.6053

October Spread (Stable) ±0.1812

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.3804 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3804

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 11.1745) against the same month in 2022 (average: 11.2745), the exchange rate shifted by -0.1000 (-0.89%).

2023 Avg (February) 11.1745

2022 Avg (February) 11.2745

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.1589	10.9752	11.0698
February	11.3292	11.0078	11.1745
March	11.3182	11.0756	11.1862
April	11.1857	10.5804	10.8057
May	10.9491	10.5720	10.8119
June	10.9459	10.7334	10.8392
July	10.9028	10.7158	10.8043
August	10.8541	10.5705	10.6791
September	10.9609	10.7012	10.8166
October	11.0276	10.8465	10.9343
November	10.9872	10.7463	10.8808
December	11.0085	10.6255	10.8171

૨૦૨૫ PHP થી XOF ઐતિહાસિક સમીક્ષા