2023 PHP to CRC Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PHP to CRC Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PHP to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 10.7658. Conversely, the yearly low was recorded on October 29, dropping to 9.2952.
This high-to-low spread represents a total annual volatility of 1.4706 CRC. From a start-to-finish perspective, comparing the January average rate of 10.4617 to the December average rate of 9.4593, the exchange rate registered a net change of -9.58% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.7658 was down 17.35% compared to the 2022 peak of 13.0258, 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 2023.
PHP to CRC 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 9.9571, compared to 9.5294 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4278 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 0.6686 CRC (High: 10.7658 / Low: 10.0972). On the other end, October was the most stable month, with a tight range of 0.1616 CRC (High: 9.4568 / Low: 9.2952).
Growth Streaks & Declines
TrendsBetween May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.3348 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 10.4617) against the same month in 2022 (average: 12.4732), the exchange rate shifted by -2.0115 (-16.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.7658 | 10.0972 | 10.4617 |
| February | 10.6475 | 10.0152 | 10.3038 |
| March | 10.2186 | 9.7721 | 9.9690 |
| April | 9.9824 | 9.4929 | 9.6951 |
| May | 9.8192 | 9.5110 | 9.6377 |
| June | 9.8242 | 9.5504 | 9.6755 |
| July | 10.0199 | 9.7063 | 9.8384 |
| August | 9.9270 | 9.4097 | 9.5598 |
| September | 9.5048 | 9.3064 | 9.4302 |
| October | 9.4568 | 9.2952 | 9.3677 |
| November | 9.6274 | 9.3630 | 9.5209 |
| December | 9.5665 | 9.3695 | 9.4593 |