2023 PHP to SGD Historical Review

YEARLY HIGH

0.0247 SGD

YEARLY LOW

0.0237 SGD

YEARLY AVERAGE

0.0241 SGD

2023 PHP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.0247. Conversely, the yearly low was recorded on April 18, dropping to 0.0237.

This high-to-low spread represents a total annual volatility of 0.0010 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0241 to the December average rate of 0.0240, the exchange rate registered a net change of -0.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0247 was down 7.35% compared to the 2022 peak of 0.0267, 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 6,174 SGD

2022 Average 6,333 SGD

Yearly Trough Low 5,917 SGD

Transaction Impact: A difference of 257.13 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0246

0.0239

JanuMarcMayJulySeptNove

PHP to SGD 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 0.0242, compared to 0.0241 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0242

H2 Avg (Jul–Dec) 0.0241

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0009 SGD (High: 0.0246 / Low: 0.0237). On the other end, October was the most stable month, with a tight range of 0.0003 SGD (High: 0.0242 / Low: 0.0240).

April Spread (Volatile) ±0.0009

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between August and November, 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 March and April, when the average rate fell by 0.0004 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0243) against the same month in 2022 (average: 0.0263), the exchange rate shifted by -0.0020 (-7.47%).

2023 Avg (February) 0.0243

2022 Avg (February) 0.0263

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0243	0.0240	0.0241
February	0.0247	0.0240	0.0243
March	0.0247	0.0242	0.0245
April	0.0246	0.0237	0.0241
May	0.0242	0.0238	0.0240
June	0.0245	0.0239	0.0241
July	0.0245	0.0242	0.0243
August	0.0243	0.0238	0.0240
September	0.0241	0.0238	0.0240
October	0.0242	0.0240	0.0241
November	0.0243	0.0240	0.0242
December	0.0243	0.0237	0.0240