2023 PHP to MVR Historical Review

YEARLY HIGH

0.2860 MVR

YEARLY LOW

0.2698 MVR

YEARLY AVERAGE

0.2764 MVR

2023 PHP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.2860. Conversely, the yearly low was recorded on September 5, dropping to 0.2698.

This high-to-low spread represents a total annual volatility of 0.0162 MVR. From a start-to-finish perspective, comparing the January average rate of 0.2801 to the December average rate of 0.2769, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2860 was down 5.65% compared to the 2022 peak of 0.3032, 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 71,511 MVR

2022 Average 70,902 MVR

Yearly Trough Low 67,461 MVR

Transaction Impact: A difference of 4,050.09 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2819

0.2700

JanuMarcMayJulySeptNove

PHP to MVR 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 0.2782, compared to 0.2747 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0035 points.

H1 Avg (Jan–Jun) 0.2782

H2 Avg (Jul–Dec) 0.2747

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0112 MVR (High: 0.2838 / Low: 0.2726). On the other end, October was the most stable month, with a tight range of 0.0021 MVR (High: 0.2721 / Low: 0.2700).

April Spread (Volatile) ±0.0112

October Spread (Stable) ±0.0021

Growth Streaks & Declines

Trends

Between October and December, 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 July and August, when the average rate fell by 0.0070 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0070

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2799) against the same month in 2022 (average: 0.3011), the exchange rate shifted by -0.0212 (-7.04%).

2023 Avg (February) 0.2799

2022 Avg (February) 0.3011

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2825	0.2753	0.2801
February	0.2860	0.2766	0.2799
March	0.2851	0.2765	0.2809
April	0.2838	0.2726	0.2780
May	0.2774	0.2715	0.2752
June	0.2774	0.2728	0.2749
July	0.2836	0.2763	0.2801
August	0.2798	0.2699	0.2730
September	0.2731	0.2698	0.2715
October	0.2721	0.2700	0.2710
November	0.2800	0.2714	0.2758
December	0.2781	0.2755	0.2769