2024 PHP to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PHP to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 51.4291. Conversely, the yearly low was recorded on January 20, dropping to 47.5975.
This high-to-low spread represents a total annual volatility of 3.8315 CDF. From a start-to-finish perspective, comparing the January average rate of 48.6385 to the December average rate of 48.8541, the exchange rate registered a net change of 0.44% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 51.4291 was up 2.20% compared to the 2023 peak of 50.3234, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PHP to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 48.8388, compared to 49.4581 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6192 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 2.1487 CDF (High: 50.8314 / Low: 48.6828). On the other end, February was the most stable month, with a tight range of 0.7290 CDF (High: 49.5677 / Low: 48.8387).
Growth Streaks & Declines
TrendsBetween June and September, 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 September and October, when the average rate fell by 1.1463 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 50.8312) against the same month in 2023 (average: 43.7339), the exchange rate shifted by +7.0973 (+16.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 49.4181 | 47.5975 | 48.6385 |
| February | 49.5677 | 48.8387 | 49.2007 |
| March | 50.1396 | 48.9920 | 49.6226 |
| April | 50.1218 | 48.2246 | 48.9436 |
| May | 48.9121 | 47.8787 | 48.3856 |
| June | 48.6835 | 47.7725 | 48.2421 |
| July | 49.2895 | 48.2495 | 48.6331 |
| August | 50.8135 | 48.9340 | 50.0067 |
| September | 51.4291 | 50.2561 | 50.8312 |
| October | 50.8314 | 48.6828 | 49.6849 |
| November | 49.1830 | 48.3991 | 48.7383 |
| December | 49.5838 | 47.8679 | 48.8541 |