YEARLY HIGH
0.4598 PHP
YEARLY LOW
0.3421 PHP
YEARLY AVERAGE
0.4277 PHP

2024 KES to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KES to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.4598. Conversely, the yearly low was recorded on February 4, dropping to 0.3421.

This high-to-low spread represents a total annual volatility of 0.1178 PHP. From a start-to-finish perspective, comparing the January average rate of 0.3503 to the December average rate of 0.4518, the exchange rate registered a net change of 28.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4598 was up 1.51% compared to the 2023 peak of 0.4530, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,299 PHP
2023 Average 1,996 PHP
Yearly Trough Low 1,710 PHP
Transaction Impact: A difference of 588.79 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4645
0.3399
JanuMarcMayJulySeptNove

KES 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 0.4087, compared to 0.4467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0380 points.

H1 Avg (Jan–Jun) 0.4087
H2 Avg (Jul–Dec) 0.4467

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0502 PHP (High: 0.3922 / Low: 0.3421). On the other end, November was the most stable month, with a tight range of 0.0055 PHP (High: 0.4570 / Low: 0.4515).

February Spread (Volatile) ±0.0502
November Spread (Stable) ±0.0055

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0121 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.4518) against the same month in 2023 (average: 0.3595), the exchange rate shifted by +0.0923 (+25.69%).

2024 Avg (December) 0.4518
2023 Avg (December) 0.3595

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.3565 0.3450 0.3503
February 0.3922 0.3421 0.3683
March 0.4275 0.3811 0.4071
April 0.4451 0.4247 0.4345
May 0.4537 0.4227 0.4393
June 0.4588 0.4469 0.4529
July 0.4595 0.4444 0.4532
August 0.4497 0.4352 0.4411
September 0.4399 0.4304 0.4346
October 0.4526 0.4363 0.4454
November 0.4570 0.4515 0.4541
December 0.4598 0.4463 0.4518