2023 PHP to ISK Historical Review

YEARLY HIGH

2.6428 ISK

YEARLY LOW

2.2963 ISK

YEARLY AVERAGE

2.4804 ISK

2023 PHP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.6428. Conversely, the yearly low was recorded on August 30, dropping to 2.2963.

This high-to-low spread represents a total annual volatility of 0.3465 ISK. From a start-to-finish perspective, comparing the January average rate of 2.6015 to the December average rate of 2.4829, the exchange rate registered a net change of -4.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6428 was up 1.16% compared to the 2022 peak of 2.6124, 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 660,698 ISK

2022 Average 620,627 ISK

Yearly Trough Low 574,078 ISK

Transaction Impact: A difference of 86,619.99 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6350

2.3149

JanuMarcMayJulySeptNove

PHP to ISK 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 2.5316, compared to 2.4293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1024 points.

H1 Avg (Jan–Jun) 2.5316

H2 Avg (Jul–Dec) 2.4293

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.1199 ISK (High: 2.5398 / Low: 2.4199). On the other end, October was the most stable month, with a tight range of 0.0453 ISK (High: 2.4629 / Low: 2.4176).

April Spread (Volatile) ±0.1199

October Spread (Stable) ±0.0453

Growth Streaks & Declines

Trends

Between August and November, 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 0.0857 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0857

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.6083) against the same month in 2022 (average: 2.4378), the exchange rate shifted by +0.1705 (+6.99%).

2023 Avg (February) 2.6083

2022 Avg (February) 2.4378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6362	2.5429	2.6015
February	2.6428	2.5736	2.6083
March	2.5887	2.5007	2.5564
April	2.5398	2.4199	2.4707
May	2.5231	2.4507	2.4828
June	2.5181	2.4200	2.4701
July	2.4817	2.3933	2.4167
August	2.3905	2.2963	2.3416
September	2.4323	2.3229	2.3828
October	2.4629	2.4176	2.4410
November	2.5701	2.4614	2.5105
December	2.5224	2.4411	2.4829