2023 PHP to THB Historical Review

YEARLY HIGH

0.6532 THB

YEARLY LOW

0.5970 THB

YEARLY AVERAGE

0.6251 THB

2023 PHP to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6532. Conversely, the yearly low was recorded on January 14, dropping to 0.5970.

This high-to-low spread represents a total annual volatility of 0.0563 THB. From a start-to-finish perspective, comparing the January average rate of 0.6045 to the December average rate of 0.6287, the exchange rate registered a net change of 4.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6532 was down 1.60% compared to the 2022 peak of 0.6639, 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 163,310 THB

2022 Average 160,717 THB

Yearly Trough Low 149,240 THB

Transaction Impact: A difference of 14,070.29 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6464

0.6007

JanuMarcMayJulySeptNove

PHP to THB 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 0.6184, compared to 0.6318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0134 points.

H1 Avg (Jan–Jun) 0.6184

H2 Avg (Jul–Dec) 0.6318

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0304 THB (High: 0.6354 / Low: 0.6050). On the other end, August was the most stable month, with a tight range of 0.0136 THB (High: 0.6305 / Low: 0.6169).

February Spread (Volatile) ±0.0304

August Spread (Stable) ±0.0136

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0102 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.6426) against the same month in 2022 (average: 0.6455), the exchange rate shifted by -0.0029 (-0.45%).

2023 Avg (October) 0.6426

2022 Avg (October) 0.6455

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6213	0.5970	0.6045
February	0.6354	0.6050	0.6211
March	0.6360	0.6162	0.6288
April	0.6318	0.6092	0.6186
May	0.6223	0.6020	0.6128
June	0.6438	0.6167	0.6248
July	0.6385	0.6224	0.6306
August	0.6305	0.6169	0.6224
September	0.6456	0.6169	0.6305
October	0.6532	0.6331	0.6426
November	0.6453	0.6251	0.6359
December	0.6423	0.6168	0.6287