2024 PHP to ISK Historical Review

YEARLY HIGH

2.5028 ISK

YEARLY LOW

2.3266 ISK

YEARLY AVERAGE

2.4089 ISK

2024 PHP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 2.5028. Conversely, the yearly low was recorded on November 18, dropping to 2.3266.

This high-to-low spread represents a total annual volatility of 0.1762 ISK. From a start-to-finish perspective, comparing the January average rate of 2.4465 to the December average rate of 2.3738, the exchange rate registered a net change of -2.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.5028 was down 5.30% compared to the 2023 peak of 2.6428, 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 625,691 ISK

2023 Average 619,907 ISK

Yearly Trough Low 581,641 ISK

Transaction Impact: A difference of 44,049.14 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4698

2.3414

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 2.4306, compared to 2.3872 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0435 points.

H1 Avg (Jan–Jun) 2.4306

H2 Avg (Jul–Dec) 2.3872

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.1003 ISK (High: 2.4471 / Low: 2.3468). On the other end, July was the most stable month, with a tight range of 0.0260 ISK (High: 2.3663 / Low: 2.3403).

May Spread (Volatile) ±0.1003

July Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between July and September, 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 September and October, when the average rate fell by 0.0628 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0628

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.4591) against the same month in 2023 (average: 2.4707), the exchange rate shifted by -0.0116 (-0.47%).

2024 Avg (April) 2.4591

2023 Avg (April) 2.4707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4821	2.4169	2.4465
February	2.4756	2.4322	2.4586
March	2.4794	2.4222	2.4541
April	2.5028	2.4215	2.4591
May	2.4471	2.3468	2.4025
June	2.3785	2.3323	2.3629
July	2.3663	2.3403	2.3551
August	2.4609	2.3761	2.4180
September	2.4627	2.4045	2.4435
October	2.4098	2.3478	2.3807
November	2.3735	2.3266	2.3521
December	2.4036	2.3356	2.3738