2024 PHP to BDT Historical Review

YEARLY HIGH

2.1539 BDT

YEARLY LOW

1.8980 BDT

YEARLY AVERAGE

2.0146 BDT

2024 PHP to BDT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to BDT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 2.1539. Conversely, the yearly low was recorded on April 30, dropping to 1.8980.

This high-to-low spread represents a total annual volatility of 0.2559 BDT. From a start-to-finish perspective, comparing the January average rate of 1.9609 to the December average rate of 2.0448, the exchange rate registered a net change of 4.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.1539 was up 6.68% compared to the 2023 peak of 2.0191, 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 538,471 BDT

2023 Average 485,626 BDT

Yearly Trough Low 474,498 BDT

Transaction Impact: A difference of 63,973.30 BDT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.1539

1.9026

JanuMarcMayJulySeptNove

PHP to BDT 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 1.9662, compared to 2.0631 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0969 points.

H1 Avg (Jan–Jun) 1.9662

H2 Avg (Jul–Dec) 2.0631

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1365 BDT (High: 2.0379 / Low: 1.9014). On the other end, July was the most stable month, with a tight range of 0.0202 BDT (High: 2.0183 / Low: 1.9981).

May Spread (Volatile) ±0.1365

July Spread (Stable) ±0.0202

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0522 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0522

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.1330) against the same month in 2023 (average: 1.9331), the exchange rate shifted by +0.1999 (+10.34%).

2024 Avg (September) 2.1330

2023 Avg (September) 1.9331

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9866	1.9454	1.9609
February	1.9744	1.9467	1.9594
March	1.9834	1.9377	1.9620
April	1.9502	1.8980	1.9236
May	2.0379	1.9014	1.9899
June	2.0139	1.9917	2.0013
July	2.0183	1.9981	2.0090
August	2.1313	2.0096	2.0749
September	2.1539	2.1086	2.1330
October	2.1303	2.0470	2.0808
November	2.0555	2.0206	2.0363
December	2.0685	2.0107	2.0448