YEARLY HIGH
0.0694 PEN
YEARLY LOW
0.0629 PEN
YEARLY AVERAGE
0.0655 PEN

2024 PHP to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.0694. Conversely, the yearly low was recorded on December 18, dropping to 0.0629.

This high-to-low spread represents a total annual volatility of 0.0065 PEN. From a start-to-finish perspective, comparing the January average rate of 0.0667 to the December average rate of 0.0639, the exchange rate registered a net change of -4.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0694 was down 3.35% compared to the 2023 peak of 0.0718, 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 17,347 PEN
2023 Average 16,814 PEN
Yearly Trough Low 15,717 PEN
Transaction Impact: A difference of 1,629.47 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0688
0.0634
JanuMarcMayJulySeptNove

PHP to PEN 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 0.0659, compared to 0.0651 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0008 points.

H1 Avg (JanтАУJun) 0.0659
H2 Avg (JulтАУDec) 0.0651

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0027 PEN (High: 0.0668 / Low: 0.0641). On the other end, November was the most stable month, with a tight range of 0.0010 PEN (High: 0.0648 / Low: 0.0638).

August Spread (Volatile) ┬▒0.0027
November Spread (Stable) ┬▒0.0010

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0683) against the same month in 2023 (average: 0.0700), the exchange rate shifted by -0.0016 (-2.32%).

2024 Avg (February) 0.0683
2023 Avg (February) 0.0700

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Month High Low Average
January 0.0677 0.0659 0.0667
February 0.0694 0.0672 0.0683
March 0.0676 0.0651 0.0664
April 0.0662 0.0641 0.0651
May 0.0658 0.0641 0.0646
June 0.0657 0.0633 0.0644
July 0.0654 0.0637 0.0644
August 0.0668 0.0641 0.0656
September 0.0680 0.0661 0.0673
October 0.0664 0.0643 0.0653
November 0.0648 0.0638 0.0644
December 0.0647 0.0629 0.0639