2023 PHP to MYR Historical Review

YEARLY HIGH

0.0853 MYR

YEARLY LOW

0.0777 MYR

YEARLY AVERAGE

0.0820 MYR

2023 PHP to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 0.0853. Conversely, the yearly low was recorded on January 30, dropping to 0.0777.

This high-to-low spread represents a total annual volatility of 0.0076 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0788 to the December average rate of 0.0839, the exchange rate registered a net change of 6.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0853 was up 1.21% compared to the 2022 peak of 0.0843, 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 21,320 MYR

2022 Average 20,191 MYR

Yearly Trough Low 19,419 MYR

Transaction Impact: A difference of 1,901.47 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0847

0.0783

JanuMarcMayJulySeptNove

PHP to MYR 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 0.0807, compared to 0.0833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 0.0807

H2 Avg (Jul–Dec) 0.0833

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0032 MYR (High: 0.0846 / Low: 0.0814). On the other end, September was the most stable month, with a tight range of 0.0014 MYR (High: 0.0831 / Low: 0.0817).

June Spread (Volatile) ±0.0032

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 0.0018 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0836) against the same month in 2022 (average: 0.0795), the exchange rate shifted by +0.0042 (+5.27%).

2023 Avg (July) 0.0836

2022 Avg (July) 0.0795

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0799	0.0777	0.0788
February	0.0809	0.0778	0.0796
March	0.0827	0.0806	0.0817
April	0.0813	0.0787	0.0801
May	0.0825	0.0797	0.0810
June	0.0846	0.0814	0.0829
July	0.0853	0.0825	0.0836
August	0.0828	0.0811	0.0819
September	0.0831	0.0817	0.0824
October	0.0845	0.0828	0.0836
November	0.0850	0.0827	0.0842
December	0.0844	0.0829	0.0839