2019 TOP to PHP Historical Review

YEARLY HIGH

23.7385 PHP

YEARLY LOW

21.7410 PHP

YEARLY AVERAGE

22.6053 PHP

2019 TOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 23.7385. Conversely, the yearly low was recorded on November 1, dropping to 21.7410.

This high-to-low spread represents a total annual volatility of 1.9975 PHP. From a start-to-finish perspective, comparing the January average rate of 23.1268 to the December average rate of 22.0740, the exchange rate registered a net change of -4.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 23.7385 was up 0.19% compared to the 2018 peak of 23.6929, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 118,692 PHP

2018 Average 115,858 PHP

Yearly Trough Low 108,705 PHP

Transaction Impact: A difference of 9,987.27 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

23.3410

21.7537

JanuMarcMayJulySeptNove

TOP 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 22.9575, compared to 22.2530 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7045 points.

H1 Avg (Jan–Jun) 22.9575

H2 Avg (Jul–Dec) 22.2530

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 1.2224 PHP (High: 23.7385 / Low: 22.5161). On the other end, May was the most stable month, with a tight range of 0.3048 PHP (High: 22.9571 / Low: 22.6523).

April Spread (Volatile) ±1.2224

May Spread (Stable) ±0.3048

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2019. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3106 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.3106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 22.8982) against the same month in 2018 (average: 23.3969), the exchange rate shifted by -0.4988 (-2.13%).

2019 Avg (April) 22.8982

2018 Avg (April) 23.3969

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.3294	22.9309	23.1268
February	23.3106	22.9464	23.1187
March	23.6413	22.8802	23.2088
April	23.7385	22.5161	22.8982
May	22.9571	22.6523	22.7982
June	22.8535	22.3923	22.5946
July	22.5799	22.2440	22.4430
August	22.8030	22.3160	22.5424
September	22.6967	22.2448	22.4399
October	22.3150	21.8981	22.1329
November	22.0785	21.7410	21.8860
December	22.3186	21.9090	22.0740