2024 PHP to IRR Historical Review

YEARLY HIGH

760.0455 IRR

YEARLY LOW

710.8606 IRR

YEARLY AVERAGE

734.9644 IRR

2024 PHP to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 760.0455. Conversely, the yearly low was recorded on December 18, dropping to 710.8606.

This high-to-low spread represents a total annual volatility of 49.1849 IRR. From a start-to-finish perspective, comparing the January average rate of 751.4108 to the December average rate of 722.0362, the exchange rate registered a net change of -3.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 760.0455 was down 3.35% compared to the 2023 peak of 786.3891, 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 190,011,379 IRR

2023 Average 189,810,279 IRR

Yearly Trough Low 177,715,154 IRR

Transaction Impact: A difference of 12,296,225.12 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

755.4747

713.6644

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 739.5629, compared to 730.3659 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.1970 points.

H1 Avg (Jan–Jun) 739.5629

H2 Avg (Jul–Dec) 730.3659

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 27.9079 IRR (High: 749.6771 / Low: 721.7693). On the other end, February was the most stable month, with a tight range of 7.4705 IRR (High: 753.3651 / Low: 745.8946).

August Spread (Volatile) ±27.9079

February Spread (Stable) ±7.4705

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 September and October, when the average rate fell by 18.8100 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -18.8100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 751.4108) against the same month in 2023 (average: 763.4520), the exchange rate shifted by -12.0412 (-1.58%).

2024 Avg (January) 751.4108

2023 Avg (January) 763.4520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	760.0455	745.2797	751.4108
February	753.3651	745.8946	750.4189
March	759.5468	745.4535	751.9905
April	747.2624	727.3498	737.6469
May	737.1173	720.9014	728.5155
June	722.3457	713.9464	717.3946
July	724.1967	715.7312	720.0340
August	749.6771	721.7693	738.9653
September	759.2730	744.5849	751.4106
October	748.2449	721.2354	732.6005
November	722.7705	712.5988	717.1486
December	729.7137	710.8606	722.0362