YEARLY HIGH
0.2807 MVR
YEARLY LOW
0.2514 MVR
YEARLY AVERAGE
0.2690 MVR

2024 PHP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.2807. Conversely, the yearly low was recorded on May 2, dropping to 0.2514.

This high-to-low spread represents a total annual volatility of 0.0293 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2752 to the December average rate of 0.2637, the exchange rate registered a net change of -4.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2807 was down 1.86% compared to the 2023 peak of 0.2860, 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 70,178 MVR
2023 Average 69,105 MVR
Yearly Trough Low 62,859 MVR
Transaction Impact: A difference of 7,319.46 MVR purely based on transaction execution date.

ट्रेंड विज़ुअलाइज़ेशन

2024 के दौरान महीने के औसत उतार-चढ़ाव।

0.2775
0.2609
JanuMarcMayJulySeptNove

PHP to MVR 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 0.2710, compared to 0.2669 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.2710
H2 Avg (Jul–Dec) 0.2669

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0195 MVR (High: 0.2709 / Low: 0.2514). On the other end, February was the most stable month, with a tight range of 0.0028 MVR (High: 0.2760 / Low: 0.2733).

May Spread (Volatile) ±0.0195
February Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between June and September, 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 0.0069 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.2761) against the same month in 2023 (average: 0.2809), the exchange rate shifted by -0.0049 (-1.73%).

2024 Avg (March) 0.2761
2023 Avg (March) 0.2809

महीने का ब्रेकडाउन

हर कैलेंडर महीने के लिए स्टैटिस्टिकल समरी।

Month High Low Average
January 0.2780 0.2730 0.2752
February 0.2760 0.2733 0.2748
March 0.2807 0.2740 0.2761
April 0.2747 0.2673 0.2709
May 0.2709 0.2514 0.2670
June 0.2640 0.2610 0.2623
July 0.2655 0.2618 0.2633
August 0.2738 0.2632 0.2700
September 0.2764 0.2715 0.2740
October 0.2730 0.2626 0.2672
November 0.2645 0.2616 0.2630
December 0.2664 0.2591 0.2637