2024 PHP to TRY Historical Review

YEARLY HIGH

0.6135 TRY

YEARLY LOW

0.5316 TRY

YEARLY AVERAGE

0.5740 TRY

2024 PHP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 0.6135. Conversely, the yearly low was recorded on January 10, dropping to 0.5316.

This high-to-low spread represents a total annual volatility of 0.0818 TRY. From a start-to-finish perspective, comparing the January average rate of 0.5377 to the December average rate of 0.5991, the exchange rate registered a net change of 11.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6135 was up 14.93% compared to the 2023 peak of 0.5338, 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 153,367 TRY

2023 Average 106,972 TRY

Yearly Trough Low 132,906 TRY

Transaction Impact: A difference of 20,461.04 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6150

0.5307

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 0.5571, compared to 0.5908 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0338 points.

H1 Avg (Jan–Jun) 0.5571

H2 Avg (Jul–Dec) 0.5908

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0382 TRY (High: 0.6070 / Low: 0.5688). On the other end, January was the most stable month, with a tight range of 0.0091 TRY (High: 0.5408 / Low: 0.5316).

August Spread (Volatile) ±0.0382

January Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0118 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0118

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.6079) against the same month in 2023 (average: 0.4756), the exchange rate shifted by +0.1323 (+27.82%).

2024 Avg (September) 0.6079

2023 Avg (September) 0.4756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5408	0.5316	0.5377
February	0.5571	0.5419	0.5499
March	0.5816	0.5602	0.5735
April	0.5740	0.5602	0.5674
May	0.5670	0.5508	0.5585
June	0.5609	0.5487	0.5553
July	0.5688	0.5536	0.5630
August	0.6070	0.5688	0.5916
September	0.6135	0.6006	0.6079
October	0.6085	0.5863	0.5962
November	0.5918	0.5810	0.5872
December	0.6101	0.5898	0.5991