2024 PHP to AFN Historical Review

YEARLY HIGH

1.3399 AFN

YEARLY LOW

1.1263 AFN

YEARLY AVERAGE

1.2315 AFN

2024 PHP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 1.3399. Conversely, the yearly low was recorded on October 17, dropping to 1.1263.

This high-to-low spread represents a total annual volatility of 0.2136 AFN. From a start-to-finish perspective, comparing the January average rate of 1.2783 to the December average rate of 1.1883, the exchange rate registered a net change of -7.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.3399 was down 20.38% compared to the 2023 peak of 1.6828, 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 334,968 AFN

2023 Average 372,039 AFN

Yearly Trough Low 281,578 AFN

Transaction Impact: A difference of 53,390.18 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.3214

1.1378

JanuMarcMayJulySeptNove

PHP to AFN 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 1.2627, compared to 1.2004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0623 points.

H1 Avg (Jan–Jun) 1.2627

H2 Avg (Jul–Dec) 1.2004

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0938 AFN (High: 1.2201 / Low: 1.1263). On the other end, July was the most stable month, with a tight range of 0.0191 AFN (High: 1.2183 / Low: 1.1992).

October Spread (Volatile) ±0.0938

July Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between June and August, 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 0.0728 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0728

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.3061) against the same month in 2023 (average: 1.6346), the exchange rate shifted by -0.3285 (-20.10%).

2024 Avg (February) 1.3061

2023 Avg (February) 1.6346

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3205	1.2485	1.2783
February	1.3399	1.2893	1.3061
March	1.3100	1.2587	1.2911
April	1.2845	1.2380	1.2586
May	1.2675	1.2048	1.2406
June	1.2261	1.1866	1.2015
July	1.2183	1.1992	1.2101
August	1.2639	1.2102	1.2428
September	1.2662	1.2118	1.2404
October	1.2201	1.1263	1.1676
November	1.1692	1.1358	1.1531
December	1.2174	1.1577	1.1883