YEARLY HIGH
0.8061 PHP
YEARLY LOW
0.5942 PHP
YEARLY AVERAGE
0.6775 PHP

2023 AFN to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.8061. Conversely, the yearly low was recorded on February 5, dropping to 0.5942.

This high-to-low spread represents a total annual volatility of 0.2119 PHP. From a start-to-finish perspective, comparing the January average rate of 0.6183 to the December average rate of 0.7937, the exchange rate registered a net change of 28.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8061 was up 16.72% compared to the 2022 peak of 0.6906, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,031 PHP
2022 Average 3,039 PHP
Yearly Trough Low 2,971 PHP
Transaction Impact: A difference of 1,059.38 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8119
0.5937
JanuMarcMayJulySeptNove

AFN 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: JanтАУJun) was 0.6290, compared to 0.7260 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0970 points.

H1 Avg (JanтАУJun) 0.6290
H2 Avg (JulтАУDec) 0.7260

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0800 PHP (High: 0.7772 / Low: 0.6972). On the other end, May was the most stable month, with a tight range of 0.0173 PHP (High: 0.6447 / Low: 0.6274).

September Spread (Volatile) ┬▒0.0800
May Spread (Stable) ┬▒0.0173

Growth Streaks & Declines

Trends

Between July and December, 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 June and July, when the average rate fell by 0.0098 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0098

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.7802) against the same month in 2022 (average: 0.6533), the exchange rate shifted by +0.1269 (+19.42%).

2023 Avg (November) 0.7802
2022 Avg (November) 0.6533

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

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Month High Low Average
January 0.6383 0.6063 0.6183
February 0.6305 0.5942 0.6119
March 0.6346 0.6115 0.6248
April 0.6604 0.6152 0.6378
May 0.6447 0.6274 0.6375
June 0.6542 0.6317 0.6437
July 0.6491 0.6237 0.6339
August 0.6975 0.6337 0.6671
September 0.7772 0.6972 0.7290
October 0.7738 0.7249 0.7519
November 0.8061 0.7506 0.7802
December 0.8030 0.7828 0.7937