2023 PHP to JPY Historical Review

YEARLY HIGH

2.7102 JPY

YEARLY LOW

2.3285 JPY

YEARLY AVERAGE

2.5254 JPY

2023 PHP to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 2.7102. Conversely, the yearly low was recorded on January 14, dropping to 2.3285.

This high-to-low spread represents a total annual volatility of 0.3817 JPY. From a start-to-finish perspective, comparing the January average rate of 2.3698 to the December average rate of 2.5878, the exchange rate registered a net change of 9.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7102 was up 6.02% compared to the 2022 peak of 2.5563, 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 677,553 JPY

2022 Average 602,105 JPY

Yearly Trough Low 582,135 JPY

Transaction Impact: A difference of 95,417.96 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7206

2.3379

JanuMarcMayJulySeptNove

PHP to JPY 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 2.4416, compared to 2.6093 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1677 points.

H1 Avg (Jan–Jun) 2.4416

H2 Avg (Jul–Dec) 2.6093

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1375 JPY (High: 2.6115 / Low: 2.4740). On the other end, October was the most stable month, with a tight range of 0.0588 JPY (High: 2.6637 / Low: 2.6049).

June Spread (Volatile) ±0.1375

October Spread (Stable) ±0.0588

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1009 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.1009

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 2.6887) against the same month in 2022 (average: 2.4692), the exchange rate shifted by +0.2195 (+8.89%).

2023 Avg (November) 2.6887

2022 Avg (November) 2.4692

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4116	2.3285	2.3698
February	2.4787	2.3768	2.4282
March	2.4825	2.4085	2.4408
April	2.4610	2.3813	2.4174
May	2.5192	2.4101	2.4608
June	2.6115	2.4740	2.5326
July	2.6158	2.5340	2.5710
August	2.6040	2.5356	2.5717
September	2.6368	2.5743	2.6026
October	2.6637	2.6049	2.6340
November	2.7102	2.6512	2.6887
December	2.6623	2.5443	2.5878