YEARLY HIGH
6.8650 LKR
YEARLY LOW
5.1658 LKR
YEARLY AVERAGE
5.9122 LKR

2023 PHP to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 6.8650. Conversely, the yearly low was recorded on June 5, dropping to 5.1658.

This high-to-low spread represents a total annual volatility of 1.6991 LKR. From a start-to-finish perspective, comparing the January average rate of 6.6579 to the December average rate of 5.8851, the exchange rate registered a net change of -11.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6.8650 was down 1.52% compared to the 2022 peak of 6.9708, 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 1,716,241 LKR
2022 Average 1,480,124 LKR
Yearly Trough Low 1,291,457 LKR
Transaction Impact: A difference of 424,783.21 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6.7813
5.3003
JanuMarcMayJulySeptNove

PHP to LKR 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 6.0386, compared to 5.7857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2529 points.

H1 Avg (Jan–Jun) 6.0386
H2 Avg (Jul–Dec) 5.7857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.7498 LKR (High: 6.6094 / Low: 5.8597). On the other end, October was the most stable month, with a tight range of 0.0915 LKR (High: 5.7757 / Low: 5.6842).

March Spread (Volatile) ±0.7498
October Spread (Stable) ±0.0915

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.5462 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.5462

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 6.6559) against the same month in 2022 (average: 3.9466), the exchange rate shifted by +2.7092 (+68.65%).

2023 Avg (February) 6.6559
2022 Avg (February) 3.9466

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.7287 6.5321 6.6579
February 6.8650 6.5260 6.6559
March 6.6094 5.8597 6.1097
April 6.0792 5.6994 5.8276
May 5.7832 5.2161 5.5568
June 5.7206 5.1658 5.4237
July 6.0875 5.5367 5.8175
August 5.8128 5.6539 5.7148
September 5.7377 5.6349 5.6907
October 5.7757 5.6842 5.7233
November 5.9501 5.7846 5.8828
December 5.9340 5.8236 5.8851