2023 PHP to HKD Historical Review

YEARLY HIGH

0.1462 HKD

YEARLY LOW

0.1366 HKD

YEARLY AVERAGE

0.1408 HKD

2023 PHP to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.1462. Conversely, the yearly low was recorded on September 26, dropping to 0.1366.

This high-to-low spread represents a total annual volatility of 0.0096 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1424 to the December average rate of 0.1407, the exchange rate registered a net change of -1.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1462 was down 4.39% compared to the 2022 peak of 0.1529, 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 36,555 HKD

2022 Average 35,995 HKD

Yearly Trough Low 34,145 HKD

Transaction Impact: A difference of 2,409.18 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1440

0.1373

JanuMarcMayJulySeptNove

PHP to HKD 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 0.1420, compared to 0.1396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.1420

H2 Avg (Jul–Dec) 0.1396

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0052 HKD (High: 0.1446 / Low: 0.1394). On the other end, October was the most stable month, with a tight range of 0.0011 HKD (High: 0.1382 / Low: 0.1371).

April Spread (Volatile) ±0.0052

October Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1431) against the same month in 2022 (average: 0.1520), the exchange rate shifted by -0.0090 (-5.90%).

2023 Avg (February) 0.1431

2022 Avg (February) 0.1520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1440	0.1396	0.1424
February	0.1462	0.1413	0.1431
March	0.1451	0.1414	0.1434
April	0.1446	0.1394	0.1421
May	0.1418	0.1390	0.1405
June	0.1420	0.1394	0.1403
July	0.1438	0.1405	0.1424
August	0.1420	0.1375	0.1390
September	0.1384	0.1366	0.1379
October	0.1382	0.1371	0.1378
November	0.1412	0.1380	0.1401
December	0.1414	0.1398	0.1407