YEARLY HIGH
3.3484 DJF
YEARLY LOW
3.1095 DJF
YEARLY AVERAGE
3.1983 DJF

2023 PHP to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 3.3484. Conversely, the yearly low was recorded on September 26, dropping to 3.1095.

This high-to-low spread represents a total annual volatility of 0.2389 DJF. From a start-to-finish perspective, comparing the January average rate of 3.2360 to the December average rate of 3.2078, the exchange rate registered a net change of -0.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.3484 was down 4.10% compared to the 2022 peak of 3.4915, 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 837,091 DJF
2022 Average 818,349 DJF
Yearly Trough Low 777,368 DJF
Transaction Impact: A difference of 59,723.14 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.2575
3.1211
JanuMarcMayJulySeptNove

PHP to DJF 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 3.2201, compared to 3.1765 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0436 points.

H1 Avg (Jan–Jun) 3.2201
H2 Avg (Jul–Dec) 3.1765

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1598 DJF (High: 3.3484 / Low: 3.1886). On the other end, October was the most stable month, with a tight range of 0.0308 DJF (High: 3.1481 / Low: 3.1173).

February Spread (Volatile) ±0.1598
October Spread (Stable) ±0.0308

Growth Streaks & Declines

Trends

Between January and March, 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 July and August, when the average rate fell by 0.0761 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 3.2450) against the same month in 2022 (average: 3.4680), the exchange rate shifted by -0.2230 (-6.43%).

2023 Avg (February) 3.2450
2022 Avg (February) 3.4680

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.2687 3.1738 3.2360
February 3.3484 3.1886 3.2450
March 3.2883 3.2038 3.2461
April 3.2764 3.1580 3.2152
May 3.2130 3.1550 3.1892
June 3.2208 3.1606 3.1890
July 3.2721 3.1814 3.2360
August 3.2435 3.1291 3.1599
September 3.1509 3.1095 3.1345
October 3.1481 3.1173 3.1325
November 3.2249 3.1416 3.1883
December 3.2266 3.1778 3.2078