2023 PHP to ZAR Historical Review

YEARLY HIGH

0.3527 ZAR

YEARLY LOW

0.3017 ZAR

YEARLY AVERAGE

0.3317 ZAR

2023 PHP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.3527. Conversely, the yearly low was recorded on January 4, dropping to 0.3017.

This high-to-low spread represents a total annual volatility of 0.0510 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.3109 to the December average rate of 0.3350, the exchange rate registered a net change of 7.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3527 was up 10.75% compared to the 2022 peak of 0.3184, 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 88,167 ZAR

2022 Average 75,059 ZAR

Yearly Trough Low 75,422 ZAR

Transaction Impact: A difference of 12,745.35 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3456

0.3077

JanuMarcMayJulySeptNove

PHP to ZAR 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 0.3297, compared to 0.3337 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.3297

H2 Avg (Jul–Dec) 0.3337

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0238 ZAR (High: 0.3499 / Low: 0.3261). On the other end, September was the most stable month, with a tight range of 0.0076 ZAR (High: 0.3375 / Low: 0.3299).

June Spread (Volatile) ±0.0238

September Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between July and October, 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 May and June, when the average rate fell by 0.0067 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0067

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.3425) against the same month in 2022 (average: 0.3035), the exchange rate shifted by +0.0389 (+12.83%).

2023 Avg (May) 0.3425

2022 Avg (May) 0.3035

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3183	0.3017	0.3109
February	0.3347	0.3150	0.3268
March	0.3432	0.3270	0.3338
April	0.3380	0.3221	0.3288
May	0.3527	0.3300	0.3425
June	0.3499	0.3261	0.3357
July	0.3438	0.3210	0.3317
August	0.3391	0.3260	0.3336
September	0.3375	0.3299	0.3340
October	0.3443	0.3283	0.3352
November	0.3406	0.3259	0.3327
December	0.3433	0.3284	0.3350