2024 PHP to BGN Historical Review

YEARLY HIGH

0.0325 BGN

YEARLY LOW

0.0305 BGN

YEARLY AVERAGE

0.0316 BGN

2024 PHP to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 15, valuing the pair at 0.0325. Conversely, the yearly low was recorded on June 4, dropping to 0.0305.

This high-to-low spread represents a total annual volatility of 0.0020 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0320 to the December average rate of 0.0320, the exchange rate registered a net change of -0.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0325 was down 3.75% compared to the 2023 peak of 0.0338, 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 8,129 BGN

2023 Average 8,128 BGN

Yearly Trough Low 7,629 BGN

Transaction Impact: A difference of 499.71 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0325

0.0307

JanuMarcMayJulySeptNove

PHP to BGN 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 0.0318, compared to 0.0313 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0318

H2 Avg (Jul–Dec) 0.0313

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0012 BGN (High: 0.0319 / Low: 0.0307). On the other end, July was the most stable month, with a tight range of 0.0003 BGN (High: 0.0310 / Low: 0.0307).

November Spread (Volatile) ±0.0012

July Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and September, 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 April and May, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0323) against the same month in 2023 (average: 0.0333), the exchange rate shifted by -0.0010 (-2.95%).

2024 Avg (February) 0.0323

2023 Avg (February) 0.0333

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0322	0.0317	0.0320
February	0.0325	0.0321	0.0323
March	0.0324	0.0319	0.0322
April	0.0325	0.0316	0.0320
May	0.0318	0.0308	0.0313
June	0.0312	0.0305	0.0310
July	0.0310	0.0307	0.0308
August	0.0315	0.0309	0.0311
September	0.0317	0.0312	0.0314
October	0.0316	0.0308	0.0312
November	0.0319	0.0307	0.0314
December	0.0325	0.0315	0.0320