2023 PHP to HNL Historical Review

YEARLY HIGH

0.4637 HNL

YEARLY LOW

0.4322 HNL

YEARLY AVERAGE

0.4435 HNL

2023 PHP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.4637. Conversely, the yearly low was recorded on September 5, dropping to 0.4322.

This high-to-low spread represents a total annual volatility of 0.0315 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4490 to the December average rate of 0.4451, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4637 was down 4.02% compared to the 2022 peak of 0.4831, 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 115,920 HNL

2022 Average 113,097 HNL

Yearly Trough Low 108,043 HNL

Transaction Impact: A difference of 7,877.21 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4516

0.4335

JanuMarcMayJulySeptNove

PHP to HNL 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 0.4462, compared to 0.4408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.4462

H2 Avg (Jul–Dec) 0.4408

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0222 HNL (High: 0.4637 / Low: 0.4414). On the other end, December was the most stable month, with a tight range of 0.0054 HNL (High: 0.4474 / Low: 0.4420).

February Spread (Volatile) ±0.0222

December Spread (Stable) ±0.0054

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 0.0113 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0113

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4495) against the same month in 2022 (average: 0.4793), the exchange rate shifted by -0.0298 (-6.23%).

2023 Avg (February) 0.4495

2022 Avg (February) 0.4793

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4539	0.4410	0.4490
February	0.4637	0.4414	0.4495
March	0.4557	0.4439	0.4501
April	0.4542	0.4368	0.4450
May	0.4456	0.4362	0.4416
June	0.4478	0.4382	0.4422
July	0.4540	0.4399	0.4486
August	0.4486	0.4329	0.4373
September	0.4403	0.4322	0.4362
October	0.4383	0.4322	0.4350
November	0.4480	0.4362	0.4428
December	0.4474	0.4420	0.4451