2024 MYR to PHP Historical Review

YEARLY HIGH

13.6284 PHP

YEARLY LOW

11.6540 PHP

YEARLY AVERAGE

12.5427 PHP

2024 MYR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 13.6284. Conversely, the yearly low was recorded on February 20, dropping to 11.6540.

This high-to-low spread represents a total annual volatility of 1.9744 PHP. From a start-to-finish perspective, comparing the January average rate of 11.9521 to the December average rate of 13.0969, the exchange rate registered a net change of 9.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.6284 was up 5.86% compared to the 2023 peak of 12.8742, 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 272,568 PHP

2023 Average 244,061 PHP

Yearly Trough Low 233,080 PHP

Transaction Impact: A difference of 39,488.32 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.5380

11.5913

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 12.0397, compared to 13.0457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0060 points.

H1 Avg (Jan–Jun) 12.0397

H2 Avg (Jul–Dec) 13.0457

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.7491 PHP (High: 13.6284 / Low: 12.8793). On the other end, March was the most stable month, with a tight range of 0.1213 PHP (High: 11.9172 / Low: 11.7959).

September Spread (Volatile) ±0.7491

March Spread (Stable) ±0.1213

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1986 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1986

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 13.1604) against the same month in 2023 (average: 12.1335), the exchange rate shifted by +1.0270 (+8.46%).

2024 Avg (September) 13.1604

2023 Avg (September) 12.1335

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.0950	11.8294	11.9521
February	11.9056	11.6540	11.7535
March	11.9172	11.7959	11.8498
April	12.1336	11.8579	11.9708
May	12.4477	12.0387	12.2498
June	12.5283	12.3816	12.4622
July	12.7208	12.3745	12.4910
August	13.0718	12.7640	12.9074
September	13.6284	12.8793	13.1604
October	13.5361	13.2858	13.3757
November	13.4517	13.0890	13.2430
December	13.2741	12.9485	13.0969