2023 RON to PHP Historical Review

YEARLY HIGH

12.5604 PHP

YEARLY LOW

11.7830 PHP

YEARLY AVERAGE

12.1597 PHP

2023 RON to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RON to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 12.5604. Conversely, the yearly low was recorded on March 16, dropping to 11.7830.

This high-to-low spread represents a total annual volatility of 0.7773 PHP. From a start-to-finish perspective, comparing the January average rate of 12.0262 to the December average rate of 12.1991, the exchange rate registered a net change of 1.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.5604 was up 3.64% compared to the 2022 peak of 12.1193, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 RON based on timing:

Yearly Peak High 62,802 PHP

2022 Average 58,130 PHP

Yearly Trough Low 58,915 PHP

Transaction Impact: A difference of 3,886.72 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.4815

11.8416

JanuMarcMayJulySeptNove

RON to PHP 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 12.0981, compared to 12.2213 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1232 points.

H1 Avg (Jan–Jun) 12.0981

H2 Avg (Jul–Dec) 12.2213

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.6579 PHP (High: 12.5132 / Low: 11.8553). On the other end, October was the most stable month, with a tight range of 0.2125 PHP (High: 12.1679 / Low: 11.9554).

April Spread (Volatile) ±0.6579

October Spread (Stable) ±0.2125

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.2186 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 12.4281) against the same month in 2022 (average: 11.5617), the exchange rate shifted by +0.8664 (+7.49%).

2023 Avg (August) 12.4281

2022 Avg (August) 11.5617

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.1699	11.9203	12.0262
February	12.1388	11.8024	11.9583
March	12.0284	11.7830	11.8949
April	12.5132	11.8553	12.2692
May	12.4284	12.0723	12.2424
June	12.3143	12.0692	12.1979
July	12.3956	12.1492	12.2869
August	12.5604	12.2523	12.4281
September	12.3939	12.0315	12.2096
October	12.1679	11.9554	12.0768
November	12.2781	12.0031	12.1274
December	12.4093	11.9935	12.1991