2024 PHP to MYR Historical Review

YEARLY HIGH

0.0858 MYR

YEARLY LOW

0.0734 MYR

YEARLY AVERAGE

0.0799 MYR

2024 PHP to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 0.0858. Conversely, the yearly low was recorded on September 30, dropping to 0.0734.

This high-to-low spread represents a total annual volatility of 0.0124 MYR. From a start-to-finish perspective, comparing the January average rate of 0.0837 to the December average rate of 0.0764, the exchange rate registered a net change of -8.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0858 was up 0.62% compared to the 2023 peak of 0.0853, 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 21,452 MYR

2023 Average 20,497 MYR

Yearly Trough Low 18,344 MYR

Transaction Impact: A difference of 3,107.85 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0861

0.0737

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 0.0831, compared to 0.0767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.0831

H2 Avg (Jul–Dec) 0.0767

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0043 MYR (High: 0.0776 / Low: 0.0734). On the other end, March was the most stable month, with a tight range of 0.0009 MYR (High: 0.0848 / Low: 0.0839).

September Spread (Volatile) ±0.0043

March Spread (Stable) ±0.0009

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 0.0026 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.0851) against the same month in 2023 (average: 0.0796), the exchange rate shifted by +0.0055 (+6.92%).

2024 Avg (February) 0.0851

2023 Avg (February) 0.0796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0845	0.0827	0.0837
February	0.0858	0.0840	0.0851
March	0.0848	0.0839	0.0844
April	0.0843	0.0824	0.0835
May	0.0831	0.0803	0.0816
June	0.0808	0.0798	0.0802
July	0.0808	0.0786	0.0801
August	0.0783	0.0765	0.0775
September	0.0776	0.0734	0.0760
October	0.0753	0.0739	0.0748
November	0.0764	0.0743	0.0755
December	0.0772	0.0753	0.0764