YEARLY HIGH
1.8252 PHP
YEARLY LOW
1.1238 PHP
YEARLY AVERAGE
1.3004 PHP

2024 EGP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1.8252. Conversely, the yearly low was recorded on March 8, dropping to 1.1238.

This high-to-low spread represents a total annual volatility of 0.7014 PHP. From a start-to-finish perspective, comparing the January average rate of 1.8117 to the December average rate of 1.1555, the exchange rate registered a net change of -36.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.8252 was down 19.18% compared to the 2023 peak of 2.2584, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,126 PHP
2023 Average 9,079 PHP
Yearly Trough Low 5,619 PHP
Transaction Impact: A difference of 3,507.20 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.8782
1.0898
JanuMarcMayJulySeptNove

EGP 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 1.4237, compared to 1.1772 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.2466 points.

H1 Avg (JanтАУJun) 1.4237
H2 Avg (JulтАУDec) 1.1772

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.6914 PHP (High: 1.8152 / Low: 1.1238). On the other end, November was the most stable month, with a tight range of 0.0157 PHP (High: 1.1974 / Low: 1.1816).

March Spread (Volatile) ┬▒0.6914
November Spread (Stable) ┬▒0.0157

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.5401 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.5401

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.8117) against the same month in 2023 (average: 1.9286), the exchange rate shifted by -0.1170 (-6.06%).

2024 Avg (January) 1.8117
2023 Avg (January) 1.9286

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

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Month High Low Average
January 1.8252 1.7852 1.8117
February 1.8239 1.7981 1.8125
March 1.8152 1.1238 1.2724
April 1.2084 1.1752 1.1932
May 1.2463 1.1913 1.2221
June 1.2453 1.2145 1.2305
July 1.2213 1.2034 1.2138
August 1.1977 1.1521 1.1651
September 1.1690 1.1450 1.1567
October 1.1993 1.1631 1.1830
November 1.1974 1.1816 1.1888
December 1.1814 1.1388 1.1555