YEARLY HIGH
0.5713 EGP
YEARLY LOW
0.4428 EGP
YEARLY AVERAGE
0.5513 EGP

2023 PHP to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 27, valuing the pair at 0.5713. Conversely, the yearly low was recorded on January 2, dropping to 0.4428.

This high-to-low spread represents a total annual volatility of 0.1285 EGP. From a start-to-finish perspective, comparing the January average rate of 0.5213 to the December average rate of 0.5566, the exchange rate registered a net change of 6.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5713 was up 26.91% compared to the 2022 peak of 0.4501, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 142,820 EGP
2022 Average 87,925 EGP
Yearly Trough Low 110,700 EGP
Transaction Impact: A difference of 32,120.19 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5671
0.5171
JanuMarcMayJulySeptNove

PHP to EGP 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 0.5508, compared to 0.5517 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0009 points.

H1 Avg (JanтАУJun) 0.5508
H2 Avg (JulтАУDec) 0.5517

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1090 EGP (High: 0.5518 / Low: 0.4428). On the other end, October was the most stable month, with a tight range of 0.0055 EGP (High: 0.5473 / Low: 0.5418).

January Spread (Volatile) ┬▒0.1090
October Spread (Stable) ┬▒0.0055

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0135 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0135

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5629) against the same month in 2022 (average: 0.3196), the exchange rate shifted by +0.2433 (+76.14%).

2023 Avg (March) 0.5629
2022 Avg (March) 0.3196

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Month High Low Average
January 0.5518 0.4428 0.5213
February 0.5643 0.5501 0.5556
March 0.5713 0.5546 0.5629
April 0.5695 0.5481 0.5583
May 0.5594 0.5466 0.5530
June 0.5601 0.5477 0.5536
July 0.5686 0.5551 0.5624
August 0.5630 0.5432 0.5489
September 0.5457 0.5400 0.5441
October 0.5473 0.5418 0.5440
November 0.5605 0.5451 0.5544
December 0.5592 0.5529 0.5566