YEARLY HIGH
0.2603 SCR
YEARLY LOW
0.2234 SCR
YEARLY AVERAGE
0.2418 SCR

2023 PHP to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.2603. Conversely, the yearly low was recorded on October 26, dropping to 0.2234.

This high-to-low spread represents a total annual volatility of 0.0369 SCR. From a start-to-finish perspective, comparing the January average rate of 0.2466 to the December average rate of 0.2420, the exchange rate registered a net change of -1.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2603 was down 11.24% compared to the 2022 peak of 0.2933, 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 65,079 SCR
2022 Average 62,387 SCR
Yearly Trough Low 55,852 SCR
Transaction Impact: A difference of 9,226.62 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2488
0.2298
JanuMarcMayJulySeptNove

PHP to SCR 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 0.2454, compared to 0.2381 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the first half (JanтАУJun) by a margin of 0.0072 points.

H1 Avg (JanтАУJun) 0.2454
H2 Avg (JulтАУDec) 0.2381

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0288 SCR (High: 0.2583 / Low: 0.2294). On the other end, August was the most stable month, with a tight range of 0.0095 SCR (High: 0.2421 / Low: 0.2326).

April Spread (Volatile) ┬▒0.0288
August Spread (Stable) ┬▒0.0095

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0061 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0061

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2472) against the same month in 2022 (average: 0.2671), the exchange rate shifted by -0.0198 (-7.42%).

2023 Avg (February) 0.2472
2022 Avg (February) 0.2671

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Month High Low Average
January 0.2601 0.2313 0.2466
February 0.2603 0.2349 0.2472
March 0.2566 0.2362 0.2460
April 0.2583 0.2294 0.2447
May 0.2517 0.2330 0.2421
June 0.2567 0.2349 0.2456
July 0.2595 0.2347 0.2435
August 0.2421 0.2326 0.2375
September 0.2405 0.2241 0.2314
October 0.2437 0.2234 0.2347
November 0.2474 0.2336 0.2398
December 0.2526 0.2327 0.2420