2023 PHP to MMK Historical Review

YEARLY HIGH

39.4971 MMK

YEARLY LOW

36.6728 MMK

YEARLY AVERAGE

37.7512 MMK

2023 PHP to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 39.4971. Conversely, the yearly low was recorded on September 26, dropping to 36.6728.

This high-to-low spread represents a total annual volatility of 2.8243 MMK. From a start-to-finish perspective, comparing the January average rate of 38.2315 to the December average rate of 37.8639, the exchange rate registered a net change of -0.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.4971 was up 3.28% compared to the 2022 peak of 38.2429, 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 9,874,271 MMK

2022 Average 8,840,852 MMK

Yearly Trough Low 9,168,202 MMK

Transaction Impact: A difference of 706,069.48 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.4515

36.8231

JanuMarcMayJulySeptNove

PHP to MMK 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 38.0122, compared to 37.4902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5220 points.

H1 Avg (Jan–Jun) 38.0122

H2 Avg (Jul–Dec) 37.4902

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.8896 MMK (High: 39.4971 / Low: 37.6074). On the other end, October was the most stable month, with a tight range of 0.3498 MMK (High: 37.1126 / Low: 36.7628).

February Spread (Volatile) ±1.8896

October Spread (Stable) ±0.3498

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 0.9050 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 38.2915) against the same month in 2022 (average: 34.6548), the exchange rate shifted by +3.6367 (+10.49%).

2023 Avg (February) 38.2915

2022 Avg (February) 34.6548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.6473	37.5306	38.2315
February	39.4971	37.6074	38.2915
March	38.8088	37.7914	38.3158
April	38.6720	37.3039	37.9727
May	37.9490	37.2475	37.6390
June	38.0808	37.2769	37.6227
July	38.6249	37.5229	38.2038
August	38.2659	36.9296	37.2988
September	37.1483	36.6728	36.9693
October	37.1126	36.7628	36.9588
November	38.0420	37.0317	37.6467
December	38.1188	37.5956	37.8639

2023 PHP నుండి MMK చారిత్రక సమీక్ష