2024 PHP to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PHP to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on September 19, valuing the pair at 397.7847. Conversely, the yearly low was recorded on June 4, dropping to 365.0635.
This high-to-low spread represents a total annual volatility of 32.7212 LAK. From a start-to-finish perspective, comparing the January average rate of 368.9766 to the December average rate of 374.6847, the exchange rate registered a net change of 1.55% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 397.7847 was up 6.04% compared to the 2023 peak of 375.1142, 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 2024.
PHP to LAK 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 371.4868, compared to 382.0725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.5857 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was October, with a trading range of 17.5545 LAK (High: 393.5153 / Low: 375.9608). On the other end, January was the most stable month, with a tight range of 4.8996 LAK (High: 371.7487 / Low: 366.8491).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 11.8367 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 394.4200) against the same month in 2023 (average: 350.8471), the exchange rate shifted by +43.5728 (+12.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 371.7487 | 366.8491 | 368.9766 |
| February | 374.4471 | 369.3614 | 372.1059 |
| March | 377.2239 | 370.7069 | 374.2565 |
| April | 376.2097 | 369.0391 | 372.4400 |
| May | 373.7941 | 366.2550 | 369.6748 |
| June | 377.9319 | 365.0635 | 371.4672 |
| July | 380.4592 | 375.4704 | 378.5648 |
| August | 393.5600 | 380.2592 | 388.2754 |
| September | 397.7847 | 390.6457 | 394.4200 |
| October | 393.5153 | 375.9608 | 382.5833 |
| November | 377.0376 | 371.0212 | 373.9070 |
| December | 379.4453 | 368.5575 | 374.6847 |