YEARLY HIGH
1.9707 CVE
YEARLY LOW
1.8406 CVE
YEARLY AVERAGE
1.8998 CVE

2021 PHP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PHP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 1.9707. Conversely, the yearly low was recorded on July 19, dropping to 1.8406.

This high-to-low spread represents a total annual volatility of 0.1302 CVE. From a start-to-finish perspective, comparing the January average rate of 1.8923 to the December average rate of 1.9478, the exchange rate registered a net change of 2.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.9707 was down 60.40% compared to the 2020 peak of 4.9769, 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 492,682 CVE
2020 Average 491,340 CVE
Yearly Trough Low 460,139 CVE
Transaction Impact: A difference of 32,543.36 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.9557
1.8606
JanuMarcMayJulySeptNove

PHP to CVE 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 1.9056, compared to 1.8941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0115 points.

H1 Avg (Jan–Jun) 1.9056
H2 Avg (Jul–Dec) 1.8941

Volatility Range Comparison

Volatility

The most volatile month in 2021 was August, with a trading range of 0.0856 CVE (High: 1.9293 / Low: 1.8437). On the other end, October was the most stable month, with a tight range of 0.0237 CVE (High: 1.8941 / Low: 1.8704).

August Spread (Volatile) ±0.0856
October Spread (Stable) ±0.0237

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0375 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -0.0375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1.9478) against the same month in 2020 (average: 1.8909), the exchange rate shifted by +0.0569 (+3.01%).

2021 Avg (December) 1.9478
2020 Avg (December) 1.8909

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9041 1.8732 1.8923
February 1.9236 1.8654 1.8960
March 1.9457 1.8890 1.9180
April 1.9462 1.8859 1.9125
May 1.9325 1.8782 1.9050
June 1.9703 1.8888 1.9097
July 1.9029 1.8406 1.8722
August 1.9293 1.8437 1.8685
September 1.8860 1.8517 1.8703
October 1.8941 1.8704 1.8811
November 1.9646 1.8845 1.9247
December 1.9707 1.9053 1.9478