2024 PHP to KES Historical Review

YEARLY HIGH

2.9233 KES

YEARLY LOW

2.1747 KES

YEARLY AVERAGE

2.3551 KES

2024 PHP to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 2.9233. Conversely, the yearly low was recorded on December 18, dropping to 2.1747.

This high-to-low spread represents a total annual volatility of 0.7486 KES. From a start-to-finish perspective, comparing the January average rate of 2.8550 to the December average rate of 2.2135, the exchange rate registered a net change of -22.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9233 was up 2.96% compared to the 2023 peak of 2.8393, 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 730,822 KES

2023 Average 628,641 KES

Yearly Trough Low 543,668 KES

Transaction Impact: A difference of 187,153.75 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9203

2.1369

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 2.4709, compared to 2.2393 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2315 points.

H1 Avg (Jan–Jun) 2.4709

H2 Avg (Jul–Dec) 2.2393

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.3739 KES (High: 2.9233 / Low: 2.5494). On the other end, November was the most stable month, with a tight range of 0.0265 KES (High: 2.2147 / Low: 2.1882).

February Spread (Volatile) ±0.3739

November Spread (Stable) ±0.0265

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 February and March, when the average rate fell by 0.2626 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2626

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.7228) against the same month in 2023 (average: 2.2906), the exchange rate shifted by +0.4323 (+18.87%).

2024 Avg (February) 2.7228

2023 Avg (February) 2.2906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8987	2.8051	2.8550
February	2.9233	2.5494	2.7228
March	2.6237	2.3391	2.4603
April	2.3545	2.2467	2.3020
May	2.3658	2.2043	2.2770
June	2.2376	2.1798	2.2082
July	2.2501	2.1765	2.2068
August	2.2976	2.2235	2.2671
September	2.3234	2.2731	2.3012
October	2.2922	2.2096	2.2452
November	2.2147	2.1882	2.2021
December	2.2409	2.1747	2.2135