2024 HRK to PHP Historical Review

YEARLY HIGH

8.5076 PHP

YEARLY LOW

7.9825 PHP

YEARLY AVERAGE

8.2252 PHP

2024 HRK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HRK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 8.5076. Conversely, the yearly low was recorded on February 13, dropping to 7.9825.

This high-to-low spread represents a total annual volatility of 0.5251 PHP. From a start-to-finish perspective, comparing the January average rate of 8.1013 to the December average rate of 8.1199, the exchange rate registered a net change of 0.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 8.5076 was up 3.30% compared to the 2023 peak of 8.2362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 42,538 PHP

2023 Average 39,921 PHP

Yearly Trough Low 39,913 PHP

Transaction Impact: A difference of 2,625.39 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

8.4615

7.9853

JanuMarcMayJulySeptNove

HRK 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 8.1632, compared to 8.2872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1240 points.

H1 Avg (Jan–Jun) 8.1632

H2 Avg (Jul–Dec) 8.2872

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.3207 PHP (High: 8.4692 / Low: 8.1484). On the other end, July was the most stable month, with a tight range of 0.0808 PHP (High: 8.4560 / Low: 8.3752).

November Spread (Volatile) ±0.3207

July Spread (Stable) ±0.0808

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1553 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 8.3833) against the same month in 2023 (average: 8.0299), the exchange rate shifted by +0.3534 (+4.40%).

2024 Avg (June) 8.3833

2023 Avg (June) 8.0299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.1803	8.0572	8.1013
February	8.0928	7.9825	8.0250
March	8.1369	8.0191	8.0632
April	8.2280	7.9904	8.1154
May	8.4255	8.1515	8.2909
June	8.5076	8.3052	8.3833
July	8.4560	8.3752	8.4218
August	8.4070	8.2459	8.3341
September	8.3152	8.2088	8.2614
October	8.4172	8.2013	8.3110
November	8.4692	8.1484	8.2752
December	8.2286	7.9977	8.1199