YEARLY HIGH
5.6596 PHP
YEARLY LOW
5.2018 PHP
YEARLY AVERAGE
5.4192 PHP

2024 SEK to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 5, valuing the pair at 5.6596. Conversely, the yearly low was recorded on April 13, dropping to 5.2018.

This high-to-low spread represents a total annual volatility of 0.4578 PHP. From a start-to-finish perspective, comparing the January average rate of 5.4092 to the December average rate of 5.3140, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 5.6596 was up 1.25% compared to the 2023 peak of 5.5899, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 28,298 PHP
2023 Average 26,217 PHP
Yearly Trough Low 26,009 PHP
Transaction Impact: A difference of 2,289.24 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5.6174
5.2397
JanuMarcMayJulySeptNove

SEK 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 5.3957, compared to 5.4427 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0470 points.

H1 Avg (Jan–Jun) 5.3957
H2 Avg (Jul–Dec) 5.4427

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.2950 PHP (High: 5.5571 / Low: 5.2621). On the other end, August was the most stable month, with a tight range of 0.1134 PHP (High: 5.5427 / Low: 5.4293).

May Spread (Volatile) ±0.2950
August Spread (Stable) ±0.1134

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.0946 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0946

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 5.5002) against the same month in 2023 (average: 5.2169), the exchange rate shifted by +0.2833 (+5.43%).

2024 Avg (July) 5.5002
2023 Avg (July) 5.2169

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 5.4988 5.3226 5.4092
February 5.4518 5.3060 5.3685
March 5.4557 5.2509 5.3629
April 5.3531 5.2018 5.2712
May 5.5571 5.2621 5.3761
June 5.6526 5.5099 5.5860
July 5.6596 5.4034 5.5002
August 5.5427 5.4293 5.4818
September 5.5617 5.4057 5.4820
October 5.5430 5.4282 5.4862
November 5.5058 5.3315 5.3917
December 5.3955 5.2504 5.3140