YEARLY HIGH
0.1253 HRK
YEARLY LOW
0.1175 HRK
YEARLY AVERAGE
0.1216 HRK

2024 PHP to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 0.1253. Conversely, the yearly low was recorded on June 4, dropping to 0.1175.

This high-to-low spread represents a total annual volatility of 0.0077 HRK. From a start-to-finish perspective, comparing the January average rate of 0.1234 to the December average rate of 0.1232, the exchange rate registered a net change of -0.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1253 was down 3.73% compared to the 2023 peak of 0.1301, 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 31,318 HRK
2023 Average 31,320 HRK
Yearly Trough Low 29,386 HRK
Transaction Impact: A difference of 1,932.94 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1252
0.1182
JanuMarcMayJulySeptNove

PHP to HRK 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 0.1225, compared to 0.1207 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.1225
H2 Avg (Jul–Dec) 0.1207

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0046 HRK (High: 0.1227 / Low: 0.1181). On the other end, July was the most stable month, with a tight range of 0.0011 HRK (High: 0.1194 / Low: 0.1183).

November Spread (Volatile) ±0.0046
July Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between July and September, 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 April and May, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.1246) against the same month in 2023 (average: 0.1284), the exchange rate shifted by -0.0038 (-2.97%).

2024 Avg (February) 0.1246
2023 Avg (February) 0.1284

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1241 0.1222 0.1234
February 0.1253 0.1236 0.1246
March 0.1247 0.1229 0.1240
April 0.1251 0.1215 0.1232
May 0.1227 0.1187 0.1206
June 0.1204 0.1175 0.1193
July 0.1194 0.1183 0.1187
August 0.1213 0.1189 0.1200
September 0.1218 0.1203 0.1210
October 0.1219 0.1188 0.1203
November 0.1227 0.1181 0.1209
December 0.1250 0.1215 0.1232