2024 PHP to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PHP to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 286.6411. Conversely, the yearly low was recorded on November 7, dropping to 267.3479.
This high-to-low spread represents a total annual volatility of 19.2933 IDR. From a start-to-finish perspective, comparing the January average rate of 279.1362 to the December average rate of 274.9971, the exchange rate registered a net change of -1.48% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 286.6411 was up 0.72% compared to the 2023 peak of 284.5993, 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 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 279.8352, compared to 274.0828 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.7524 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 9.7921 IDR (High: 278.2087 / Low: 268.4166). On the other end, February was the most stable month, with a tight range of 2.3960 IDR (High: 280.9833 / Low: 278.5873).
Growth Streaks & Declines
TrendsBetween January and April, 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 April and May, when the average rate fell by 4.3356 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 282.3831) against the same month in 2023 (average: 269.1939), the exchange rate shifted by +13.1893 (+4.90%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 280.8409 | 276.9167 | 279.1362 |
| February | 280.9833 | 278.5873 | 279.5975 |
| March | 282.8248 | 279.7918 | 281.1113 |
| April | 286.6411 | 280.4638 | 282.3831 |
| May | 281.4858 | 275.2593 | 278.0476 |
| June | 280.8603 | 276.3634 | 278.7353 |
| July | 279.2281 | 275.8703 | 277.8851 |
| August | 280.4349 | 273.1745 | 276.5528 |
| September | 276.2247 | 269.6231 | 273.6106 |
| October | 278.2087 | 268.4166 | 271.5734 |
| November | 271.5507 | 267.3479 | 269.8776 |
| December | 279.6708 | 270.2407 | 274.9971 |