2023 PHP to BIF Historical Review

YEARLY HIGH

52.1658 BIF

YEARLY LOW

36.9653 BIF

YEARLY AVERAGE

45.7280 BIF

2023 PHP to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 52.1658. Conversely, the yearly low was recorded on January 4, dropping to 36.9653.

This high-to-low spread represents a total annual volatility of 15.2004 BIF. From a start-to-finish perspective, comparing the January average rate of 37.6652 to the December average rate of 51.3468, the exchange rate registered a net change of 36.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 52.1658 was up 30.78% compared to the 2022 peak of 39.8896, 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 13,041,438 BIF

2022 Average 9,383,932 BIF

Yearly Trough Low 9,241,337 BIF

Transaction Impact: A difference of 3,800,100.91 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

52.9261

36.2474

JanuMarcMayJulySeptNove

PHP to BIF 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 40.7710, compared to 50.6851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.9141 points.

H1 Avg (Jan–Jun) 40.7710

H2 Avg (Jul–Dec) 50.6851

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 13.6441 BIF (High: 50.7286 / Low: 37.0846). On the other end, October was the most stable month, with a tight range of 0.5190 BIF (High: 50.2284 / Low: 49.7094).

May Spread (Volatile) ±13.6441

October Spread (Stable) ±0.5190

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.1981 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.1981

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 51.5362) against the same month in 2022 (average: 36.8008), the exchange rate shifted by +14.7354 (+40.04%).

2023 Avg (July) 51.5362

2022 Avg (July) 36.8008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.1021	36.9653	37.6652
February	38.9437	37.1931	37.7984
March	38.4448	37.4449	37.9379
April	38.4031	36.9680	37.6373
May	50.7286	37.0846	42.8903
June	51.4166	50.2583	50.6969
July	52.1658	50.6645	51.5362
August	51.6019	49.8478	50.3381
September	50.2379	49.5714	49.9352
October	50.2284	49.7094	49.9883
November	51.5024	50.0797	50.9660
December	51.6529	50.9500	51.3468