2023 PHP to KES Historical Review

YEARLY HIGH

2.8393 KES

YEARLY LOW

2.2075 KES

YEARLY AVERAGE

2.5133 KES

2023 PHP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2.8393. Conversely, the yearly low was recorded on January 3, dropping to 2.2075.

This high-to-low spread represents a total annual volatility of 0.6318 KES. From a start-to-finish perspective, comparing the January average rate of 2.2566 to the December average rate of 2.7821, the exchange rate registered a net change of 23.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8393 was up 26.43% compared to the 2022 peak of 2.2457, 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 709,825 KES

2022 Average 541,580 KES

Yearly Trough Low 551,877 KES

Transaction Impact: A difference of 157,948.74 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8346

2.2041

JanuMarcMayJulySeptNove

PHP to KES 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 2.3847, compared to 2.6418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2571 points.

H1 Avg (Jan–Jun) 2.3847

H2 Avg (Jul–Dec) 2.6418

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1390 KES (High: 2.4405 / Low: 2.3015). On the other end, May was the most stable month, with a tight range of 0.0469 KES (High: 2.4804 / Low: 2.4334).

March Spread (Volatile) ±0.1390

May Spread (Stable) ±0.0469

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0224 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.7821) against the same month in 2022 (average: 2.2152), the exchange rate shifted by +0.5668 (+25.59%).

2023 Avg (December) 2.7821

2022 Avg (December) 2.2152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2875	2.2075	2.2566
February	2.3444	2.2538	2.2906
March	2.4405	2.3015	2.3677
April	2.4554	2.3924	2.4319
May	2.4804	2.4334	2.4604
June	2.5437	2.4547	2.5011
July	2.6099	2.5022	2.5756
August	2.5944	2.5216	2.5532
September	2.6160	2.5554	2.5844
October	2.6544	2.5942	2.6287
November	2.7614	2.6534	2.7268
December	2.8393	2.7490	2.7821