2024 PHP to CNY Historical Review

YEARLY HIGH

0.1298 CNY

YEARLY LOW

0.1205 CNY

YEARLY AVERAGE

0.1253 CNY

2024 PHP to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.1298. Conversely, the yearly low was recorded on June 4, dropping to 0.1205.

This high-to-low spread represents a total annual volatility of 0.0093 CNY. From a start-to-finish perspective, comparing the January average rate of 0.1271 to the December average rate of 0.1246, the exchange rate registered a net change of -1.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1298 was down 1.86% compared to the 2023 peak of 0.1323, 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 32,456 CNY

2023 Average 31,796 CNY

Yearly Trough Low 30,119 CNY

Transaction Impact: A difference of 2,336.95 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1293

0.1222

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 0.1262, compared to 0.1244 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1262

H2 Avg (Jul–Dec) 0.1244

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0054 CNY (High: 0.1268 / Low: 0.1214). On the other end, November was the most stable month, with a tight range of 0.0022 CNY (High: 0.1236 / Low: 0.1214).

May Spread (Volatile) ±0.0054

November Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between 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 0.0029 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.1287) against the same month in 2023 (average: 0.1259), the exchange rate shifted by +0.0028 (+2.21%).

2024 Avg (March) 0.1287

2023 Avg (March) 0.1259

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1282	0.1258	0.1271
February	0.1289	0.1263	0.1278
March	0.1298	0.1275	0.1287
April	0.1285	0.1235	0.1267
May	0.1268	0.1214	0.1240
June	0.1244	0.1205	0.1229
July	0.1248	0.1223	0.1241
August	0.1268	0.1231	0.1254
September	0.1273	0.1249	0.1262
October	0.1251	0.1217	0.1234
November	0.1236	0.1214	0.1228
December	0.1261	0.1226	0.1246