2024 PHP to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PHP to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PHP to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 1617.9988. Conversely, the yearly low was recorded on January 26, dropping to 266.5148.
This high-to-low spread represents a total annual volatility of 1351.4840 LBP. From a start-to-finish perspective, comparing the January average rate of 268.5912 to the December average rate of 1532.3114, the exchange rate registered a net change of 470.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 1617.9988 was up 476.05% compared to the 2023 peak of 280.8793, 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 LBP 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 1191.6991, compared to 1553.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 361.4215 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was February, with a trading range of 1337.9847 LBP (High: 1604.9689 / Low: 266.9842). On the other end, January was the most stable month, with a tight range of 5.5517 LBP (High: 272.0665 / Low: 266.5148).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 39.0260 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 1601.6610) against the same month in 2023 (average: 275.4531), the exchange rate shifted by +1326.2079 (+481.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 272.0665 | 266.5148 | 268.5912 |
| February | 1604.9689 | 266.9842 | 635.2058 |
| March | 1617.9988 | 1581.1726 | 1601.6610 |
| April | 1592.4185 | 1549.0312 | 1569.5565 |
| May | 1570.1804 | 1529.8438 | 1549.4491 |
| June | 1535.3937 | 1518.3374 | 1525.7311 |
| July | 1538.5277 | 1522.9536 | 1531.0623 |
| August | 1595.7534 | 1534.5884 | 1570.8238 |
| September | 1612.5695 | 1584.4766 | 1598.5027 |
| October | 1594.8912 | 1533.8348 | 1559.4767 |
| November | 1540.5101 | 1516.2540 | 1526.5471 |
| December | 1549.9049 | 1506.8374 | 1532.3114 |