2023 PHP to TRY Historical Review

YEARLY HIGH

0.5338 TRY

YEARLY LOW

0.3348 TRY

YEARLY AVERAGE

0.4274 TRY

2023 PHP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.5338. Conversely, the yearly low was recorded on January 3, dropping to 0.3348.

This high-to-low spread represents a total annual volatility of 0.1990 TRY. From a start-to-finish perspective, comparing the January average rate of 0.3419 to the December average rate of 0.5242, the exchange rate registered a net change of 53.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5338 was up 57.16% compared to the 2022 peak of 0.3396, 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 133,446 TRY

2022 Average 75,811 TRY

Yearly Trough Low 83,701 TRY

Transaction Impact: A difference of 49,744.68 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5424

0.3237

JanuMarcMayJulySeptNove

PHP to TRY 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 0.3604, compared to 0.4943 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1339 points.

H1 Avg (Jan–Jun) 0.3604

H2 Avg (Jul–Dec) 0.4943

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0987 TRY (High: 0.4714 / Low: 0.3727). On the other end, April was the most stable month, with a tight range of 0.0092 TRY (High: 0.3537 / Low: 0.3446).

June Spread (Volatile) ±0.0987

April Spread (Stable) ±0.0092

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0041 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5242) against the same month in 2022 (average: 0.3358), the exchange rate shifted by +0.1883 (+56.08%).

2023 Avg (December) 0.5242

2022 Avg (December) 0.3358

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3459	0.3348	0.3419
February	0.3510	0.3397	0.3437
March	0.3532	0.3406	0.3472
April	0.3537	0.3446	0.3501
May	0.3683	0.3501	0.3545
June	0.4714	0.3727	0.4251
July	0.4956	0.4658	0.4822
August	0.4914	0.4569	0.4781
September	0.4847	0.4692	0.4756
October	0.4983	0.4833	0.4912
November	0.5221	0.4998	0.5145
December	0.5338	0.5184	0.5242