2024 HNL to PHP Historical Review

YEARLY HIGH

2.3834 PHP

YEARLY LOW

2.2289 PHP

YEARLY AVERAGE

2.3045 PHP

2024 HNL to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HNL to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 22, valuing the pair at 2.3834. Conversely, the yearly low was recorded on September 19, dropping to 2.2289.

This high-to-low spread represents a total annual volatility of 0.1545 PHP. From a start-to-finish perspective, comparing the January average rate of 2.2668 to the December average rate of 2.3048, the exchange rate registered a net change of 1.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3834 was up 3.01% compared to the 2023 peak of 2.3139, 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 11,917 PHP

2023 Average 11,276 PHP

Yearly Trough Low 11,145 PHP

Transaction Impact: A difference of 772.61 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3790

2.2452

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 2.3012, compared to 2.3078 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 2.3012

H2 Avg (Jul–Dec) 2.3078

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0970 PHP (High: 2.3565 / Low: 2.2595). On the other end, July was the most stable month, with a tight range of 0.0265 PHP (High: 2.3741 / Low: 2.3477).

August Spread (Volatile) ±0.0970

July Spread (Stable) ±0.0265

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.0622 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0622

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 2.3678) against the same month in 2023 (average: 2.2615), the exchange rate shifted by +0.1063 (+4.70%).

2024 Avg (June) 2.3678

2023 Avg (June) 2.2615

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2837	2.2389	2.2668
February	2.2829	2.2498	2.2662
March	2.2940	2.2347	2.2616
April	2.3391	2.2720	2.3090
May	2.3630	2.3056	2.3357
June	2.3834	2.3414	2.3678
July	2.3741	2.3477	2.3606
August	2.3565	2.2595	2.2984
September	2.2846	2.2289	2.2563
October	2.3252	2.2557	2.2971
November	2.3521	2.3039	2.3298
December	2.3413	2.2761	2.3048