2024 PHP to NGN Historical Review

YEARLY HIGH

29.7897 NGN

YEARLY LOW

15.3495 NGN

YEARLY AVERAGE

25.6398 NGN

2024 PHP to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 29.7897. Conversely, the yearly low was recorded on January 17, dropping to 15.3495.

This high-to-low spread represents a total annual volatility of 14.4401 NGN. From a start-to-finish perspective, comparing the January average rate of 16.2934 to the December average rate of 26.8963, the exchange rate registered a net change of 65.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.7897 was up 83.72% compared to the 2023 peak of 16.2146, 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 7,447,420 NGN

2023 Average 2,851,128 NGN

Yearly Trough Low 3,837,385 NGN

Transaction Impact: A difference of 3,610,034.49 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

30.4479

15.0067

JanuMarcMayJulySeptNove

PHP to NGN 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 23.4271, compared to 27.8525 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.4254 points.

H1 Avg (Jan–Jun) 23.4271

H2 Avg (Jul–Dec) 27.8525

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 12.6819 NGN (High: 28.7398 / Low: 16.0579). On the other end, November was the most stable month, with a tight range of 0.7499 NGN (High: 28.8669 / Low: 28.1170).

February Spread (Volatile) ±12.6819

November Spread (Stable) ±0.7499

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.9255 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -4.9255

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 29.1612) against the same month in 2023 (average: 13.6298), the exchange rate shifted by +15.5313 (+113.95%).

2024 Avg (September) 29.1612

2023 Avg (September) 13.6298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.1832	15.3495	16.2934
February	28.7398	16.0579	24.5593
March	29.0618	24.7929	27.3427
April	25.2613	21.0749	22.4171
May	26.3378	21.4820	24.5356
June	25.9528	24.0383	25.4145
July	28.4269	24.0190	26.0034
August	28.4827	27.4281	28.0232
September	29.7897	28.1222	29.1612
October	29.6941	28.1364	28.5058
November	28.8669	28.1170	28.5254
December	28.6875	26.1820	26.8963

2024 PHP నుండి NGN చారిత్రక సమీక్ష