2022 TOP to PHP Historical Review

YEARLY HIGH

24.5809 PHP

YEARLY LOW

22.2856 PHP

YEARLY AVERAGE

23.3691 PHP

2022 TOP to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 24.5809. Conversely, the yearly low was recorded on May 15, dropping to 22.2856.

This high-to-low spread represents a total annual volatility of 2.2953 PHP. From a start-to-finish perspective, comparing the January average rate of 22.5080 to the December average rate of 23.6707, the exchange rate registered a net change of 5.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 24.5809 was up 8.07% compared to the 2021 peak of 22.7446, 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 122,904 PHP

2021 Average 108,756 PHP

Yearly Trough Low 111,428 PHP

Transaction Impact: A difference of 11,476.32 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

24.3520

22.3403

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 22.7880, compared to 23.9502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1622 points.

H1 Avg (Jan–Jun) 22.7880

H2 Avg (Jul–Dec) 23.9502

Volatility Range Comparison

Volatility

The most volatile month in 2022 was June, with a trading range of 0.8056 PHP (High: 23.5027 / Low: 22.6971). On the other end, October was the most stable month, with a tight range of 0.3507 PHP (High: 24.2890 / Low: 23.9383).

June Spread (Volatile) ±0.8056

October Spread (Stable) ±0.3507

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.4010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 24.1844) against the same month in 2021 (average: 22.2897), the exchange rate shifted by +1.8946 (+8.50%).

2022 Avg (September) 24.1844

2021 Avg (September) 22.2897

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.6770	22.3221	22.5080
February	22.8202	22.3939	22.6281
March	23.2049	22.4955	23.0284
April	23.1431	22.6504	22.9235
May	22.8337	22.2856	22.5500
June	23.5027	22.6971	23.0903
July	24.0469	23.4811	23.7661
August	24.1321	23.6673	23.8845
September	24.5809	23.9420	24.1844
October	24.2890	23.9383	24.1239
November	24.3985	23.7584	24.0717
December	23.9596	23.3755	23.6707