2023 KRW to PHP Historical Review

YEARLY HIGH

0.0444 PHP

YEARLY LOW

0.0413 PHP

YEARLY AVERAGE

0.0426 PHP

2023 KRW to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 0.0444. Conversely, the yearly low was recorded on May 2, dropping to 0.0413.

This high-to-low spread represents a total annual volatility of 0.0031 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0442 to the December average rate of 0.0427, the exchange rate registered a net change of -3.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0444 was up 0.46% compared to the 2022 peak of 0.0442, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 222,023 PHP

2022 Average 211,113 PHP

Yearly Trough Low 206,443 PHP

Transaction Impact: A difference of 15,579.92 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0445

0.0416

JanuMarcMayJulySeptNove

KRW 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 0.0427, compared to 0.0425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0427

H2 Avg (Jul–Dec) 0.0425

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0024 PHP (High: 0.0443 / Low: 0.0419). On the other end, October was the most stable month, with a tight range of 0.0005 PHP (High: 0.0423 / Low: 0.0418).

February Spread (Volatile) ±0.0024

October Spread (Stable) ±0.0005

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 January and February, when the average rate fell by 0.0013 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0442) against the same month in 2022 (average: 0.0428), the exchange rate shifted by +0.0014 (+3.23%).

2023 Avg (January) 0.0442

2022 Avg (January) 0.0428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0444	0.0437	0.0442
February	0.0443	0.0419	0.0429
March	0.0428	0.0415	0.0419
April	0.0427	0.0413	0.0418
May	0.0427	0.0413	0.0420
June	0.0441	0.0419	0.0431
July	0.0431	0.0420	0.0427
August	0.0430	0.0419	0.0425
September	0.0431	0.0419	0.0426
October	0.0423	0.0418	0.0420
November	0.0431	0.0419	0.0426
December	0.0432	0.0421	0.0427

2023 KRW నుండి PHP చారిత్రక సమీక్ష