2023 PHP to CNY Historical Review

YEARLY HIGH

0.1323 CNY

YEARLY LOW

0.1220 CNY

YEARLY AVERAGE

0.1272 CNY

2023 PHP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.1323. Conversely, the yearly low was recorded on January 14, dropping to 0.1220.

This high-to-low spread represents a total annual volatility of 0.0103 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1236 to the December average rate of 0.1282, the exchange rate registered a net change of 3.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1323 was up 1.96% compared to the 2022 peak of 0.1297, 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 33,072 CNY

2022 Average 30,878 CNY

Yearly Trough Low 30,509 CNY

Transaction Impact: A difference of 2,562.55 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1316

0.1229

JanuMarcMayJulySeptNove

PHP to CNY 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 0.1254, compared to 0.1289 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.1254

H2 Avg (Jul–Dec) 0.1289

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0049 CNY (High: 0.1312 / Low: 0.1264). On the other end, September was the most stable month, with a tight range of 0.0019 CNY (High: 0.1296 / Low: 0.1277).

June Spread (Volatile) ±0.0049

September Spread (Stable) ±0.0019

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 0.0023 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1309) against the same month in 2022 (average: 0.1205), the exchange rate shifted by +0.0104 (+8.61%).

2023 Avg (July) 0.1309

2022 Avg (July) 0.1205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1247	0.1220	0.1236
February	0.1264	0.1233	0.1248
March	0.1273	0.1241	0.1259
April	0.1266	0.1222	0.1247
May	0.1268	0.1240	0.1253
June	0.1312	0.1264	0.1282
July	0.1323	0.1295	0.1309
August	0.1307	0.1271	0.1286
September	0.1296	0.1277	0.1284
October	0.1291	0.1258	0.1281
November	0.1309	0.1275	0.1293
December	0.1293	0.1268	0.1282