2024 PHP to HNL Historical Review

YEARLY HIGH

0.4486 HNL

YEARLY LOW

0.4196 HNL

YEARLY AVERAGE

0.4341 HNL

2024 PHP to HNL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 0.4486. Conversely, the yearly low was recorded on June 22, dropping to 0.4196.

This high-to-low spread represents a total annual volatility of 0.0291 HNL. From a start-to-finish perspective, comparing the January average rate of 0.4412 to the December average rate of 0.4339, the exchange rate registered a net change of -1.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4486 was down 3.24% compared to the 2023 peak of 0.4637, 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 112,162 HNL

2023 Average 110,877 HNL

Yearly Trough Low 104,891 HNL

Transaction Impact: A difference of 7,271.73 HNL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4453

0.4202

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 0.4347, compared to 0.4334 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.4347

H2 Avg (Jul–Dec) 0.4334

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0182 HNL (High: 0.4426 / Low: 0.4244). On the other end, July was the most stable month, with a tight range of 0.0048 HNL (High: 0.4260 / Low: 0.4212).

August Spread (Volatile) ±0.0182

July Spread (Stable) ±0.0048

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 March and April, when the average rate fell by 0.0091 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0091

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.4432) against the same month in 2023 (average: 0.4362), the exchange rate shifted by +0.0070 (+1.61%).

2024 Avg (September) 0.4432

2023 Avg (September) 0.4362

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4466	0.4379	0.4412
February	0.4445	0.4380	0.4413
March	0.4475	0.4359	0.4422
April	0.4401	0.4275	0.4331
May	0.4337	0.4232	0.4282
June	0.4271	0.4196	0.4223
July	0.4260	0.4212	0.4236
August	0.4426	0.4244	0.4351
September	0.4486	0.4377	0.4432
October	0.4433	0.4301	0.4354
November	0.4340	0.4252	0.4292
December	0.4393	0.4271	0.4339