2023 PHP to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PHP to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PHP to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 8.6150. Conversely, the yearly low was recorded on March 5, dropping to 7.7668.
This high-to-low spread represents a total annual volatility of 0.8482 KZT. From a start-to-finish perspective, comparing the January average rate of 8.4210 to the December average rate of 8.2704, the exchange rate registered a net change of -1.79% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.6150 was down 13.94% compared to the 2022 peak of 10.0106, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PHP to KZT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.1852, compared to 8.2300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0449 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.8011 KZT (High: 8.5679 / Low: 7.7668). On the other end, November was the most stable month, with a tight range of 0.1414 KZT (High: 8.3839 / Low: 8.2425).
Growth Streaks & Declines
TrendsBetween May and July, 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 January and February, when the average rate fell by 0.1888 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 8.2321) against the same month in 2022 (average: 8.5011), the exchange rate shifted by -0.2689 (-3.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.5020 | 8.2710 | 8.4210 |
| February | 8.6150 | 8.0241 | 8.2321 |
| March | 8.5679 | 7.7668 | 8.2463 |
| April | 8.3798 | 8.0328 | 8.1736 |
| May | 8.1190 | 7.9052 | 7.9994 |
| June | 8.1941 | 7.9191 | 8.0386 |
| July | 8.1876 | 7.9644 | 8.1069 |
| August | 8.2221 | 7.8999 | 8.0483 |
| September | 8.4516 | 8.0574 | 8.2512 |
| October | 8.4639 | 8.2345 | 8.3908 |
| November | 8.3839 | 8.2425 | 8.3127 |
| December | 8.3538 | 8.1894 | 8.2704 |