YEARLY HIGH
284.5993 IDR
YEARLY LOW
263.9043 IDR
YEARLY AVERAGE
274.0722 IDR

2023 PHP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 284.5993. Conversely, the yearly low was recorded on May 15, dropping to 263.9043.

This high-to-low spread represents a total annual volatility of 20.6950 IDR. From a start-to-finish perspective, comparing the January average rate of 277.4649 to the December average rate of 278.8732, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 284.5993 was up 0.45% compared to the 2022 peak of 283.3273, 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 71,149,820 IDR
2022 Average 68,179,522 IDR
Yearly Trough Low 65,976,075 IDR
Transaction Impact: A difference of 5,173,745.18 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

280.9170
264.8742
JanuMarcMayJulySeptNove

PHP to IDR 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 272.7809, compared to 275.3635 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 2.5825 points.

H1 Avg (JanтАУJun) 272.7809
H2 Avg (JulтАУDec) 275.3635

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 12.1992 IDR (High: 276.2709 / Low: 264.0717). On the other end, May was the most stable month, with a tight range of 4.6225 IDR (High: 268.5268 / Low: 263.9043).

April Spread (Volatile) ┬▒12.1992
May Spread (Stable) ┬▒4.6225

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 10.3081 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -10.3081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 277.4649) against the same month in 2022 (average: 279.8338), the exchange rate shifted by -2.3688 (-0.85%).

2023 Avg (January) 277.4649
2022 Avg (January) 279.8338

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 284.5993 273.3854 277.4649
February 281.2894 273.2337 276.4835
March 283.1282 275.1427 279.5020
April 276.2709 264.0717 269.1939
May 268.5268 263.9043 266.2111
June 272.1044 264.1640 267.8302
July 276.0698 271.2442 274.2821
August 275.7503 268.1097 271.1500
September 273.4901 268.1997 270.7304
October 280.6201 272.5593 277.5649
November 282.7854 276.7171 279.5801
December 281.6548 274.9608 278.8732