2023 MOP to PHP Historical Review

YEARLY HIGH

7.1089 PHP

YEARLY LOW

6.5795 PHP

YEARLY AVERAGE

6.8993 PHP

2023 MOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 7.1089. Conversely, the yearly low was recorded on February 5, dropping to 6.5795.

This high-to-low spread represents a total annual volatility of 0.5294 PHP. From a start-to-finish perspective, comparing the January average rate of 6.8205 to the December average rate of 6.8940, the exchange rate registered a net change of 1.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 7.1089 was down 3.47% compared to the 2022 peak of 7.3647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,544 PHP

2022 Average 33,789 PHP

Yearly Trough Low 32,898 PHP

Transaction Impact: A difference of 2,646.77 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

7.0758

6.7528

JanuMarcMayJulySeptNove

MOP 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 6.8426, compared to 6.9560 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1134 points.

H1 Avg (Jan–Jun) 6.8426

H2 Avg (Jul–Dec) 6.9560

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.3315 PHP (High: 6.9110 / Low: 6.5795). On the other end, October was the most stable month, with a tight range of 0.0764 PHP (High: 7.0909 / Low: 7.0146).

February Spread (Volatile) ±0.3315

October Spread (Stable) ±0.0764

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 October and November, when the average rate fell by 0.1118 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 7.0433) against the same month in 2022 (average: 7.1346), the exchange rate shifted by -0.0913 (-1.28%).

2023 Avg (September) 7.0433

2022 Avg (September) 7.1346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.9525	6.7360	6.8205
February	6.9110	6.5795	6.7864
March	6.8723	6.6924	6.7797
April	6.9627	6.7147	6.8406
May	6.9866	6.8246	6.9100
June	6.9779	6.8342	6.9186
July	6.9410	6.7513	6.8269
August	7.0587	6.8362	6.9861
September	7.1089	7.0078	7.0433
October	7.0909	7.0146	7.0488
November	7.0378	6.8765	6.9371
December	6.9435	6.8428	6.8940