2020 HNL to PHP Historical Review

YEARLY HIGH

2.0975 PHP

YEARLY LOW

1.9534 PHP

YEARLY AVERAGE

2.0054 PHP

2020 HNL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the HNL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 2.0975. Conversely, the yearly low was recorded on September 15, dropping to 1.9534.

This high-to-low spread represents a total annual volatility of 0.1441 PHP. From a start-to-finish perspective, comparing the January average rate of 2.0510 to the December average rate of 1.9833, the exchange rate registered a net change of -3.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 2.0975 was down 38.65% compared to the 2019 peak of 3.4191, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,488 PHP

2019 Average 10,551 PHP

Yearly Trough Low 9,767 PHP

Transaction Impact: A difference of 720.50 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

2.0597

1.9548

JanuMarcMayJulySeptNove

HNL 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 2.0349, compared to 1.9760 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0589 points.

H1 Avg (Jan–Jun) 2.0349

H2 Avg (Jul–Dec) 1.9760

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0815 PHP (High: 2.0975 / Low: 2.0160). On the other end, December was the most stable month, with a tight range of 0.0176 PHP (High: 1.9935 / Low: 1.9759).

March Spread (Volatile) ±0.0815

December Spread (Stable) ±0.0176

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.0217 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 2.0468) against the same month in 2019 (average: 2.1414), the exchange rate shifted by -0.0946 (-4.42%).

2020 Avg (March) 2.0468

2019 Avg (March) 2.1414

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0676	1.9998	2.0510
February	2.0665	2.0305	2.0471
March	2.0975	2.0160	2.0468
April	2.0533	2.0178	2.0335
May	2.0449	1.9956	2.0234
June	2.0230	1.9928	2.0075
July	1.9993	1.9705	1.9857
August	1.9869	1.9592	1.9727
September	1.9725	1.9534	1.9636
October	1.9874	1.9630	1.9735
November	1.9873	1.9593	1.9769
December	1.9935	1.9759	1.9833