YEARLY HIGH
0.0237 PHP
YEARLY LOW
0.0045 PHP
YEARLY AVERAGE
0.0222 PHP

2024 SYP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SYP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 0.0237. Conversely, the yearly low was recorded on December 29, dropping to 0.0045.

This high-to-low spread represents a total annual volatility of 0.0192 PHP. From a start-to-finish perspective, comparing the January average rate of 0.0223 to the December average rate of 0.0166, the exchange rate registered a net change of -25.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0237 was up 3.79% compared to the 2023 peak of 0.0228, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SYP based on timing:

Yearly Peak High 118 PHP
2023 Average 111 PHP
Yearly Trough Low 22 PHP
Transaction Impact: A difference of 96.01 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0240
0.0159
JanuMarcMayJulySeptNove

SYP to PHP 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 0.0226, compared to 0.0218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0226
H2 Avg (Jul–Dec) 0.0218

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0192 PHP (High: 0.0237 / Low: 0.0045). On the other end, June was the most stable month, with a tight range of 0.0002 PHP (High: 0.0235 / Low: 0.0232).

December Spread (Volatile) ±0.0192
June Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between March and June, 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 November and December, when the average rate fell by 0.0068 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0166) against the same month in 2023 (average: 0.0221), the exchange rate shifted by -0.0055 (-24.84%).

2024 Avg (December) 0.0166
2023 Avg (December) 0.0221

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0224 0.0220 0.0223
February 0.0224 0.0222 0.0223
March 0.0224 0.0220 0.0223
April 0.0230 0.0224 0.0227
May 0.0233 0.0227 0.0230
June 0.0235 0.0232 0.0234
July 0.0234 0.0232 0.0233
August 0.0232 0.0223 0.0227
September 0.0225 0.0221 0.0223
October 0.0233 0.0224 0.0229
November 0.0235 0.0232 0.0234
December 0.0237 0.0045 0.0166