YEARLY HIGH
6.5451 PHP
YEARLY LOW
6.0764 PHP
YEARLY AVERAGE
6.3588 PHP

2023 SVC to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SVC to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 6.5451. Conversely, the yearly low was recorded on February 5, dropping to 6.0764.

This high-to-low spread represents a total annual volatility of 0.4686 PHP. From a start-to-finish perspective, comparing the January average rate of 6.2780 to the December average rate of 6.3386, the exchange rate registered a net change of 0.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.5451 was down 3.82% compared to the 2022 peak of 6.8051, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SVC based on timing:

Yearly Peak High 32,725 PHP
2022 Average 31,146 PHP
Yearly Trough Low 30,382 PHP
Transaction Impact: A difference of 2,343.08 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.5168
6.2416
JanuMarcMayJulySeptNove

SVC to PHP 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 6.3147, compared to 6.4029 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0882 points.

H1 Avg (JanтАУJun) 6.3147
H2 Avg (JulтАУDec) 6.4029

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.3056 PHP (High: 6.3821 / Low: 6.0764). On the other end, October was the most stable month, with a tight range of 0.0621 PHP (High: 6.5288 / Low: 6.4667).

February Spread (Volatile) ┬▒0.3056
October Spread (Stable) ┬▒0.0621

Growth Streaks & Declines

Trends

Between March and June, 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 October and November, when the average rate fell by 0.1184 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.1184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 6.4920) against the same month in 2022 (average: 6.5924), the exchange rate shifted by -0.1003 (-1.52%).

2023 Avg (September) 6.4920
2022 Avg (September) 6.5924

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Month High Low Average
January 6.3952 6.2086 6.2780
February 6.3821 6.0764 6.2684
March 6.3505 6.1854 6.2645
April 6.4337 6.2059 6.3214
May 6.4432 6.3240 6.3765
June 6.4385 6.3015 6.3793
July 6.3960 6.2138 6.2825
August 6.4988 6.2722 6.4351
September 6.5451 6.4605 6.4920
October 6.5288 6.4667 6.4939
November 6.4809 6.3093 6.3755
December 6.3834 6.2962 6.3386