2023 PHP to IRR Historical Review

YEARLY HIGH

786.3891 IRR

YEARLY LOW

737.8043 IRR

YEARLY AVERAGE

759.2929 IRR

2023 PHP to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 786.3891. Conversely, the yearly low was recorded on September 26, dropping to 737.8043.

This high-to-low spread represents a total annual volatility of 48.5848 IRR. From a start-to-finish perspective, comparing the January average rate of 763.4520 to the December average rate of 760.6383, the exchange rate registered a net change of -0.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 786.3891 was down 5.21% compared to the 2022 peak of 829.5722, 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 196,597,287 IRR

2022 Average 194,303,017 IRR

Yearly Trough Low 184,451,084 IRR

Transaction Impact: A difference of 12,146,203.09 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

773.0451

741.3432

JanuMarcMayJulySeptNove

PHP to IRR 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 763.9953, compared to 754.5905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.4048 points.

H1 Avg (Jan–Jun) 763.9953

H2 Avg (Jul–Dec) 754.5905

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 36.5647 IRR (High: 786.3891 / Low: 749.8244). On the other end, October was the most stable month, with a tight range of 5.5668 IRR (High: 746.2686 / Low: 740.7018).

February Spread (Volatile) ±36.5647

October Spread (Stable) ±5.5668

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 18.4688 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -18.4688

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 769.7175) against the same month in 2022 (average: 823.7151), the exchange rate shifted by -53.9976 (-6.56%).

2023 Avg (February) 769.7175

2022 Avg (February) 823.7151

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	775.9493	747.7220	763.4520
February	786.3891	749.8244	769.7175
March	781.5677	761.4373	770.4033
April	778.8894	750.7549	764.9049
May	763.9653	750.5855	757.9989
June	765.9396	752.6585	757.4955
July	777.8861	759.1612	769.4277
August	770.6985	743.7755	750.9589
September	746.2239	737.8043	743.9851
October	746.2686	740.7018	744.1087
November	766.0805	744.9849	758.4244
December	764.6740	756.2888	760.6383