YEARLY HIGH
0.2346 GHS
YEARLY LOW
0.1499 GHS
YEARLY AVERAGE
0.2103 GHS

2023 PHP to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 0.2346. Conversely, the yearly low was recorded on January 1, dropping to 0.1499.

This high-to-low spread represents a total annual volatility of 0.0847 GHS. From a start-to-finish perspective, comparing the January average rate of 0.2086 to the December average rate of 0.2165, the exchange rate registered a net change of 3.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2346 was down 9.14% compared to the 2022 peak of 0.2582, 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 58,657 GHS
2022 Average 40,996 GHS
Yearly Trough Low 37,471 GHS
Transaction Impact: A difference of 21,186.06 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2303
0.1976
JanuMarcMayJulySeptNove

PHP to GHS 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 0.2125, compared to 0.2081 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0045 points.

H1 Avg (JanтАУJun) 0.2125
H2 Avg (JulтАУDec) 0.2081

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0791 GHS (High: 0.2290 / Low: 0.1499). On the other end, December was the most stable month, with a tight range of 0.0017 GHS (High: 0.2174 / Low: 0.2156).

January Spread (Volatile) ┬▒0.0791
December Spread (Stable) ┬▒0.0017

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0182 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2276) against the same month in 2022 (average: 0.1269), the exchange rate shifted by +0.1007 (+79.37%).

2023 Avg (February) 0.2276
2022 Avg (February) 0.1269

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

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 0.2290 0.1499 0.2086
February 0.2346 0.2212 0.2276
March 0.2331 0.2146 0.2253
April 0.2149 0.1972 0.2071
May 0.2141 0.1906 0.2038
June 0.2086 0.1988 0.2029
July 0.2126 0.2032 0.2078
August 0.2064 0.1969 0.2003
September 0.2051 0.2001 0.2023
October 0.2097 0.2041 0.2071
November 0.2170 0.2102 0.2144
December 0.2174 0.2156 0.2165