2023 KES to PHP Historical Review

YEARLY HIGH

0.4530 PHP

YEARLY LOW

0.3522 PHP

YEARLY AVERAGE

0.3995 PHP

2023 KES to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.4530. Conversely, the yearly low was recorded on December 30, dropping to 0.3522.

This high-to-low spread represents a total annual volatility of 0.1008 PHP. From a start-to-finish perspective, comparing the January average rate of 0.4432 to the December average rate of 0.3595, the exchange rate registered a net change of -18.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4530 was down 7.66% compared to the 2022 peak of 0.4906, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,265 PHP

2022 Average 2,310 PHP

Yearly Trough Low 1,761 PHP

Transaction Impact: A difference of 504.00 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4516

0.3511

JanuMarcMayJulySeptNove

KES 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 0.4200, compared to 0.3789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0410 points.

H1 Avg (Jan–Jun) 0.4200

H2 Avg (Jul–Dec) 0.3789

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0247 PHP (High: 0.4345 / Low: 0.4098). On the other end, May was the most stable month, with a tight range of 0.0078 PHP (High: 0.4109 / Low: 0.4032).

March Spread (Volatile) ±0.0247

May Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0141 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4432) against the same month in 2022 (average: 0.4517), the exchange rate shifted by -0.0085 (-1.88%).

2023 Avg (January) 0.4432

2022 Avg (January) 0.4517

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4530	0.4372	0.4432
February	0.4437	0.4265	0.4366
March	0.4345	0.4098	0.4225
April	0.4180	0.4073	0.4112
May	0.4109	0.4032	0.4065
June	0.4074	0.3931	0.3999
July	0.3996	0.3832	0.3883
August	0.3966	0.3854	0.3917
September	0.3913	0.3823	0.3870
October	0.3855	0.3767	0.3804
November	0.3769	0.3621	0.3668
December	0.3638	0.3522	0.3595