2024 INR to PHP Historical Review

YEARLY HIGH

0.7059 PHP

YEARLY LOW

0.6641 PHP

YEARLY AVERAGE

0.6847 PHP

2024 INR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the INR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.7059. Conversely, the yearly low was recorded on September 16, dropping to 0.6641.

This high-to-low spread represents a total annual volatility of 0.0417 PHP. From a start-to-finish perspective, comparing the January average rate of 0.6734 to the December average rate of 0.6873, the exchange rate registered a net change of 2.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7059 was up 2.68% compared to the 2023 peak of 0.6875, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 176,463 PHP

2023 Average 168,393 PHP

Yearly Trough Low 166,032 PHP

Transaction Impact: A difference of 10,430.28 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7066

0.6652

JanuMarcMayJulySeptNove

INR 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 0.6836, compared to 0.6857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.6836

H2 Avg (Jul–Dec) 0.6857

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0271 PHP (High: 0.6964 / Low: 0.6693). On the other end, June was the most stable month, with a tight range of 0.0054 PHP (High: 0.7059 / Low: 0.7004).

August Spread (Volatile) ±0.0271

June Spread (Stable) ±0.0054

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 0.0202 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2024: 0.7032) against the same month in 2023 (average: 0.6792), the exchange rate shifted by +0.0240 (+3.54%).

2024 Avg (June) 0.7032

2023 Avg (June) 0.6792

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6784	0.6658	0.6734
February	0.6786	0.6727	0.6752
March	0.6766	0.6684	0.6731
April	0.6939	0.6744	0.6838
May	0.7026	0.6844	0.6931
June	0.7059	0.7004	0.7032
July	0.7044	0.6963	0.6994
August	0.6964	0.6693	0.6792
September	0.6734	0.6641	0.6687
October	0.6956	0.6703	0.6839
November	0.7003	0.6910	0.6958
December	0.6979	0.6751	0.6873