2023 PHP to VND Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 PHP to VND Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the PHP to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 440.3906. Conversely, the yearly low was recorded on May 30, dropping to 416.8257.
This high-to-low spread represents a total annual volatility of 23.5649 VND. From a start-to-finish perspective, comparing the January average rate of 427.2590 to the December average rate of 437.3963, the exchange rate registered a net change of 2.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 440.3906 was down 1.62% compared to the 2022 peak of 447.6566, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
PHP to VND Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 426.0948, compared to 431.1166 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.0218 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 15.0041 VND (High: 432.5644 / Low: 417.5603). On the other end, December was the most stable month, with a tight range of 4.4352 VND (High: 439.0313 / Low: 434.5961).
Growth Streaks & Declines
TrendsBetween August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 6.9880 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 436.6934) against the same month in 2022 (average: 432.2265), the exchange rate shifted by +4.4669 (+1.03%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 431.1742 | 419.9237 | 427.2590 |
| February | 436.9754 | 426.3475 | 431.1186 |
| March | 434.9054 | 427.1828 | 431.2785 |
| April | 432.5644 | 417.5603 | 424.8166 |
| May | 424.0319 | 416.8257 | 420.7756 |
| June | 426.5642 | 417.9280 | 421.3206 |
| July | 435.2284 | 425.3198 | 430.9374 |
| August | 431.5196 | 418.9118 | 423.9494 |
| September | 430.6244 | 421.6664 | 426.5316 |
| October | 434.0544 | 428.2602 | 431.1915 |
| November | 440.3906 | 433.3689 | 436.6934 |
| December | 439.0313 | 434.5961 | 437.3963 |