2023 PHP to IDR Historical Review

YEARLY HIGH

284.5993 IDR

YEARLY LOW

263.9043 IDR

YEARLY AVERAGE

274.0722 IDR

2023 PHP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 9, valuing the pair at 284.5993. Conversely, the yearly low was recorded on May 15, dropping to 263.9043.

This high-to-low spread represents a total annual volatility of 20.6950 IDR. From a start-to-finish perspective, comparing the January average rate of 277.4649 to the December average rate of 278.8732, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 284.5993 was up 0.45% compared to the 2022 peak of 283.3273, 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 71,149,820 IDR

2022 Average 68,179,522 IDR

Yearly Trough Low 65,976,075 IDR

Transaction Impact: A difference of 5,173,745.18 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

280.9170

264.8742

JanuMarcMayJulySeptNove

PHP to IDR 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 272.7809, compared to 275.3635 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5825 points.

H1 Avg (Jan–Jun) 272.7809

H2 Avg (Jul–Dec) 275.3635

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 12.1992 IDR (High: 276.2709 / Low: 264.0717). On the other end, May was the most stable month, with a tight range of 4.6225 IDR (High: 268.5268 / Low: 263.9043).

April Spread (Volatile) ±12.1992

May Spread (Stable) ±4.6225

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 10.3081 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -10.3081

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 277.4649) against the same month in 2022 (average: 279.8338), the exchange rate shifted by -2.3688 (-0.85%).

2023 Avg (January) 277.4649

2022 Avg (January) 279.8338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	284.5993	273.3854	277.4649
February	281.2894	273.2337	276.4835
March	283.1282	275.1427	279.5020
April	276.2709	264.0717	269.1939
May	268.5268	263.9043	266.2111
June	272.1044	264.1640	267.8302
July	276.0698	271.2442	274.2821
August	275.7503	268.1097	271.1500
September	273.4901	268.1997	270.7304
October	280.6201	272.5593	277.5649
November	282.7854	276.7171	279.5801
December	281.6548	274.9608	278.8732