2024 PHP to CLP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PHP to CLP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to CLP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 17.7380. Conversely, the yearly low was recorded on May 20, dropping to 15.2706.
This high-to-low spread represents a total annual volatility of 2.4674 CLP. From a start-to-finish perspective, comparing the January average rate of 16.2407 to the December average rate of 16.8361, the exchange rate registered a net change of 3.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 17.7380 was up 6.05% compared to the 2023 peak of 16.7259, 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 CLP 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 16.5404, compared to 16.4251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1154 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 1.3773 CLP (High: 16.6479 / Low: 15.2706). On the other end, August was the most stable month, with a tight range of 0.3570 CLP (High: 16.4651 / Low: 16.1081).
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 April and May, when the average rate fell by 0.8992 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 17.2983) against the same month in 2023 (average: 14.7560), the exchange rate shifted by +2.5423 (+17.23%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.5265 | 15.8131 | 16.2407 |
| February | 17.6654 | 16.6891 | 17.2460 |
| March | 17.7380 | 16.9407 | 17.2983 |
| April | 17.5190 | 16.3587 | 16.7683 |
| May | 16.6479 | 15.2706 | 15.8691 |
| June | 16.2789 | 15.3593 | 15.8200 |
| July | 16.3171 | 15.5082 | 15.9867 |
| August | 16.4651 | 16.1081 | 16.3086 |
| September | 16.8930 | 16.0293 | 16.5310 |
| October | 16.5761 | 16.0407 | 16.3204 |
| November | 16.7529 | 16.2905 | 16.5675 |
| December | 17.1824 | 16.6013 | 16.8361 |