2024 GIP to PHP Historical Review

YEARLY HIGH

76.1448 PHP

YEARLY LOW

70.1595 PHP

YEARLY AVERAGE

73.2167 PHP

2024 GIP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GIP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 76.1448. Conversely, the yearly low was recorded on January 2, dropping to 70.1595.

This high-to-low spread represents a total annual volatility of 5.9853 PHP. From a start-to-finish perspective, comparing the January average rate of 71.1169 to the December average rate of 73.8170, the exchange rate registered a net change of 3.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 76.1448 was up 5.30% compared to the 2023 peak of 72.3124, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 380,724 PHP

2023 Average 345,918 PHP

Yearly Trough Low 350,797 PHP

Transaction Impact: A difference of 29,926.39 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

75.7058

70.3133

JanuMarcMayJulySeptNove

GIP 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 71.9808, compared to 74.4526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.4718 points.

H1 Avg (Jan–Jun) 71.9808

H2 Avg (Jul–Dec) 74.4526

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 2.9699 PHP (High: 74.5325 / Low: 71.5626). On the other end, March was the most stable month, with a tight range of 0.9816 PHP (High: 71.7402 / Low: 70.7586).

May Spread (Volatile) ±2.9699

March Spread (Stable) ±0.9816

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.5005 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.5005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 74.8282) against the same month in 2023 (average: 69.2394), the exchange rate shifted by +5.5889 (+8.07%).

2024 Avg (November) 74.8282

2023 Avg (November) 69.2394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	71.6878	70.1595	71.1169
February	71.3785	70.3508	70.7627
March	71.7402	70.7586	71.0443
April	72.4303	70.4736	71.3556
May	74.5325	71.5626	73.0141
June	75.2401	73.8828	74.5913
July	75.8149	74.3194	75.2564
August	74.5978	72.8779	73.7558
September	75.1865	73.2353	74.0813
October	75.8950	73.9171	74.9768
November	76.1448	73.8505	74.8282
December	75.0356	72.6688	73.8170

2024 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு