2023 MYR to PHP Historical Review

YEARLY HIGH

12.8742 PHP

YEARLY LOW

11.7260 PHP

YEARLY AVERAGE

12.2053 PHP

2023 MYR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 12.8742. Conversely, the yearly low was recorded on July 12, dropping to 11.7260.

This high-to-low spread represents a total annual volatility of 1.1482 PHP. From a start-to-finish perspective, comparing the January average rate of 12.6921 to the December average rate of 11.9208, the exchange rate registered a net change of -6.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.8742 was down 0.00% compared to the 2022 peak of 12.8743, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 257,483 PHP

2022 Average 247,722 PHP

Yearly Trough Low 234,519 PHP

Transaction Impact: A difference of 22,964.05 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.7735

11.7971

JanuMarcMayJulySeptNove

MYR 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: Jan–Jun) was 12.3992, compared to 12.0114 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3877 points.

H1 Avg (Jan–Jun) 12.3992

H2 Avg (Jul–Dec) 12.0114

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.4994 PHP (High: 12.8581 / Low: 12.3588). On the other end, September was the most stable month, with a tight range of 0.2067 PHP (High: 12.2402 / Low: 12.0336).

February Spread (Volatile) ±0.4994

September Spread (Stable) ±0.2067

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3232 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3232

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12.6921) against the same month in 2022 (average: 12.2267), the exchange rate shifted by +0.4654 (+3.81%).

2023 Avg (January) 12.6921

2022 Avg (January) 12.2267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8742	12.5174	12.6921
February	12.8581	12.3588	12.5675
March	12.4039	12.0932	12.2443
April	12.7111	12.2991	12.4875
May	12.5428	12.1273	12.3463
June	12.2849	11.8219	12.0573
July	12.1193	11.7260	11.9558
August	12.3353	12.0821	12.2143
September	12.2402	12.0336	12.1335
October	12.0770	11.8391	11.9658
November	12.0879	11.7659	11.8785
December	12.0566	11.8445	11.9208