YEARLY HIGH
1.9479 RSD
YEARLY LOW
1.8267 RSD
YEARLY AVERAGE
1.8896 RSD

2024 PHP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 1.9479. Conversely, the yearly low was recorded on June 4, dropping to 1.8267.

This high-to-low spread represents a total annual volatility of 0.1213 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9201 to the December average rate of 1.9117, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.9479 was down 3.76% compared to the 2023 peak of 2.0241, 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 486,987 RSD
2023 Average 487,332 RSD
Yearly Trough Low 456,666 RSD
Transaction Impact: A difference of 30,320.29 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.9474
1.8351
JanuMarcMayJulySeptNove

PHP to RSD 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 1.9051, compared to 1.8740 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0311 points.

H1 Avg (Jan–Jun) 1.9051
H2 Avg (Jul–Dec) 1.8740

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0727 RSD (High: 1.9060 / Low: 1.8334). On the other end, July was the most stable month, with a tight range of 0.0200 RSD (High: 1.8550 / Low: 1.8350).

November Spread (Volatile) ±0.0727
July Spread (Stable) ±0.0200

Growth Streaks & Declines

Trends

Between July and September, 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 April and May, when the average rate fell by 0.0398 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0398

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 1.9381) against the same month in 2023 (average: 1.9989), the exchange rate shifted by -0.0608 (-3.04%).

2024 Avg (February) 1.9381
2023 Avg (February) 1.9989

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.9309 1.9021 1.9201
February 1.9479 1.9220 1.9381
March 1.9400 1.9119 1.9284
April 1.9453 1.8899 1.9152
May 1.9074 1.8473 1.8755
June 1.8711 1.8267 1.8534
July 1.8550 1.8350 1.8445
August 1.8816 1.8477 1.8632
September 1.8920 1.8683 1.8802
October 1.8920 1.8455 1.8686
November 1.9060 1.8334 1.8758
December 1.9420 1.8857 1.9117