2023 EUR to PHP Historical Review

YEARLY HIGH

62.0557 PHP

YEARLY LOW

57.8998 PHP

YEARLY AVERAGE

60.1860 PHP

2023 EUR to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 62.0557. Conversely, the yearly low was recorded on February 5, dropping to 57.8998.

This high-to-low spread represents a total annual volatility of 4.1559 PHP. From a start-to-finish perspective, comparing the January average rate of 59.2575 to the December average rate of 60.6468, the exchange rate registered a net change of 2.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 62.0557 was up 3.84% compared to the 2022 peak of 59.7622, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 310,278 PHP

2022 Average 286,607 PHP

Yearly Trough Low 289,499 PHP

Transaction Impact: A difference of 20,779.48 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

61.7059

58.3632

JanuMarcMayJulySeptNove

EUR 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 59.7530, compared to 60.6191 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8661 points.

H1 Avg (Jan–Jun) 59.7530

H2 Avg (Jul–Dec) 60.6191

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 3.3547 PHP (High: 61.9973 / Low: 58.6425). On the other end, January was the most stable month, with a tight range of 0.9840 PHP (High: 59.7673 / Low: 58.7832).

April Spread (Volatile) ±3.3547

January Spread (Stable) ±0.9840

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 0.7813 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.7813

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 61.4273) against the same month in 2022 (average: 56.5061), the exchange rate shifted by +4.9212 (+8.71%).

2023 Avg (August) 61.4273

2022 Avg (August) 56.5061

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.7673	58.7832	59.2575
February	59.5900	57.8998	58.7040
March	59.2253	57.9557	58.6418
April	61.9973	58.6425	60.7204
May	62.0464	59.9095	60.6752
June	61.1137	59.9269	60.5190
July	61.2140	60.1639	60.7142
August	62.0557	60.4339	61.4273
September	61.2975	59.8454	60.6460
October	60.4764	59.4830	59.9918
November	61.0404	59.7021	60.2884
December	61.7342	59.5866	60.6468

2023 EUR నుండి PHP చారిత్రక సమీక్ష