2021 HNL to PHP Historical Review

YEARLY HIGH

2.1412 PHP

YEARLY LOW

1.9308 PHP

YEARLY AVERAGE

2.0438 PHP

2021 HNL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 2.1412. Conversely, the yearly low was recorded on January 6, dropping to 1.9308.

This high-to-low spread represents a total annual volatility of 0.2104 PHP. From a start-to-finish perspective, comparing the January average rate of 1.9829 to the December average rate of 2.0720, the exchange rate registered a net change of 4.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 2.1412 was up 2.08% compared to the 2020 peak of 2.0975, 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 10,706 PHP

2020 Average 10,026 PHP

Yearly Trough Low 9,654 PHP

Transaction Impact: A difference of 1,051.90 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

2.1232

1.9702

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 1.9969, compared to 2.0908 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0938 points.

H1 Avg (Jan–Jun) 1.9969

H2 Avg (Jul–Dec) 2.0908

Volatility Range Comparison

Volatility

The most volatile month in 2021 was July, with a trading range of 0.0949 PHP (High: 2.1412 / Low: 2.0462). On the other end, May was the most stable month, with a tight range of 0.0205 PHP (High: 1.9975 / Low: 1.9770).

July Spread (Volatile) ±0.0949

May Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0272 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0272

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2021: 2.0958) against the same month in 2020 (average: 1.9857), the exchange rate shifted by +0.1101 (+5.54%).

2021 Avg (July) 2.0958

2020 Avg (July) 1.9857

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9974	1.9308	1.9829
February	2.0328	1.9754	1.9923
March	2.0190	1.9953	2.0048
April	2.0216	1.9975	2.0111
May	1.9975	1.9770	1.9876
June	2.0422	1.9768	2.0029
July	2.1412	2.0462	2.0958
August	2.1359	2.0455	2.1104
September	2.1202	2.0566	2.0832
October	2.1098	2.0822	2.0989
November	2.1002	2.0604	2.0841
December	2.1004	2.0433	2.0720