2023 PHP to NPR Historical Review

YEARLY HIGH

2.4625 NPR

YEARLY LOW

2.3249 NPR

YEARLY AVERAGE

2.3752 NPR

2023 PHP to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.4625. Conversely, the yearly low was recorded on September 26, dropping to 2.3249.

This high-to-low spread represents a total annual volatility of 0.1376 NPR. From a start-to-finish perspective, comparing the January average rate of 2.3833 to the December average rate of 2.4012, the exchange rate registered a net change of 0.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4625 was up 2.16% compared to the 2022 peak of 2.4105, 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 615,615 NPR

2022 Average 577,085 NPR

Yearly Trough Low 581,214 NPR

Transaction Impact: A difference of 34,401.02 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4163

2.3315

JanuMarcMayJulySeptNove

PHP to NPR 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 2.3808, compared to 2.3696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0112 points.

H1 Avg (Jan–Jun) 2.3808

H2 Avg (Jul–Dec) 2.3696

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0943 NPR (High: 2.4224 / Low: 2.3281). On the other end, October was the most stable month, with a tight range of 0.0224 NPR (High: 2.3537 / Low: 2.3312).

April Spread (Volatile) ±0.0943

October Spread (Stable) ±0.0224

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0393 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0393

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.4093) against the same month in 2022 (average: 2.3370), the exchange rate shifted by +0.0723 (+3.09%).

2023 Avg (February) 2.4093

2022 Avg (February) 2.3370

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4059	2.3615	2.3833
February	2.4625	2.3726	2.4093
March	2.4371	2.3570	2.4035
April	2.4224	2.3281	2.3718
May	2.3854	2.3409	2.3607
June	2.3796	2.3375	2.3563
July	2.4348	2.3588	2.3926
August	2.3985	2.3283	2.3533
September	2.3505	2.3249	2.3386
October	2.3537	2.3312	2.3431
November	2.4154	2.3510	2.3892
December	2.4161	2.3797	2.4012

2023 இந்திய ரூபாய் முதல் பவுண்ட் வரையிலான வரலாற்று ஆய்வு