YEARLY HIGH
5.8631 LKR
YEARLY LOW
4.9038 LKR
YEARLY AVERAGE
5.2723 LKR

2024 PHP to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 5.8631. Conversely, the yearly low was recorded on December 18, dropping to 4.9038.

This high-to-low spread represents a total annual volatility of 0.9592 LKR. From a start-to-finish perspective, comparing the January average rate of 5.7367 to the December average rate of 4.9929, the exchange rate registered a net change of -12.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 5.8631 was down 14.59% compared to the 2023 peak of 6.8650, 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 1,465,766 LKR
2023 Average 1,477,075 LKR
Yearly Trough Low 1,225,957 LKR
Transaction Impact: A difference of 239,809.53 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5.8130
4.8976
JanuMarcMayJulySeptNove

PHP to LKR 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 5.3945, compared to 5.1501 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.2444 points.

H1 Avg (JanтАУJun) 5.3945
H2 Avg (JulтАУDec) 5.1501

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.2589 LKR (High: 5.8631 / Low: 5.6042). On the other end, July was the most stable month, with a tight range of 0.0595 LKR (High: 5.2185 / Low: 5.1591).

January Spread (Volatile) ┬▒0.2589
July Spread (Stable) ┬▒0.0595

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2615 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.2615

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 5.7367) against the same month in 2023 (average: 6.6579), the exchange rate shifted by -0.9212 (-13.84%).

2024 Avg (January) 5.7367
2023 Avg (January) 6.6579

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 5.8631 5.6042 5.7367
February 5.6331 5.5024 5.5751
March 5.5464 5.3422 5.4551
April 5.3389 5.1280 5.2421
May 5.2498 5.1394 5.1798
June 5.2403 5.1295 5.1781
July 5.2185 5.1591 5.1914
August 5.3593 5.1637 5.2657
September 5.4854 5.2700 5.3692
October 5.2410 5.0248 5.1077
November 5.0325 4.9240 4.9739
December 5.0603 4.9038 4.9929