YEARLY HIGH
4.4761 PHP
YEARLY LOW
3.8415 PHP
YEARLY AVERAGE
4.1407 PHP

2023 SCR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 4.4761. Conversely, the yearly low was recorded on February 1, dropping to 3.8415.

This high-to-low spread represents a total annual volatility of 0.6346 PHP. From a start-to-finish perspective, comparing the January average rate of 4.0592 to the December average rate of 4.1339, the exchange rate registered a net change of 1.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.4761 was down 2.88% compared to the 2022 peak of 4.6086, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,380 PHP
2022 Average 20,144 PHP
Yearly Trough Low 19,207 PHP
Transaction Impact: A difference of 3,173.01 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.3502
4.0233
JanuMarcMayJulySeptNove

SCR 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 4.0795, compared to 4.2019 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1224 points.

H1 Avg (Jan–Jun) 4.0795
H2 Avg (Jul–Dec) 4.2019

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.4865 PHP (High: 4.3586 / Low: 3.8722). On the other end, August was the most stable month, with a tight range of 0.1685 PHP (High: 4.2993 / Low: 4.1307).

April Spread (Volatile) ±0.4865
August Spread (Stable) ±0.1685

Growth Streaks & Declines

Trends

Between February and May, 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 October and November, when the average rate fell by 0.0904 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0904

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 4.2621) against the same month in 2022 (average: 4.4008), the exchange rate shifted by -0.1387 (-3.15%).

2023 Avg (October) 4.2621
2022 Avg (October) 4.4008

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.3228 3.8442 4.0592
February 4.2563 3.8415 4.0505
March 4.2332 3.8976 4.0682
April 4.3586 3.8722 4.0923
May 4.2917 3.9726 4.1327
June 4.2580 3.8951 4.0742
July 4.2599 3.8540 4.1100
August 4.2993 4.1307 4.2107
September 4.4621 4.1585 4.3230
October 4.4761 4.1032 4.2621
November 4.2813 4.0413 4.1717
December 4.2979 3.9593 4.1339