2024 TOP to PHP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 TOP to PHP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the TOP to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 25.0219. Conversely, the yearly low was recorded on February 19, dropping to 23.3980.
This high-to-low spread represents a total annual volatility of 1.6239 PHP. From a start-to-finish perspective, comparing the January average rate of 23.7580 to the December average rate of 24.3999, the exchange rate registered a net change of 2.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 25.0219 was up 4.39% compared to the 2023 peak of 23.9688, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 TOP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.0382, compared to 24.3309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2927 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.9109 PHP (High: 24.8327 / Low: 23.9218). On the other end, November was the most stable month, with a tight range of 0.2776 PHP (High: 24.7019 / Low: 24.4243).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.6135 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 24.8839) against the same month in 2023 (average: 23.6674), the exchange rate shifted by +1.2165 (+5.14%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9308 | 23.5704 | 23.7580 |
| February | 23.8127 | 23.3980 | 23.6601 |
| March | 23.8807 | 23.4564 | 23.6059 |
| April | 24.2935 | 23.5940 | 23.9241 |
| May | 24.8327 | 23.9218 | 24.3975 |
| June | 25.0219 | 24.7111 | 24.8839 |
| July | 24.8824 | 24.4981 | 24.7124 |
| August | 24.5033 | 23.9086 | 24.0989 |
| September | 24.1598 | 23.6780 | 23.8977 |
| October | 24.6462 | 24.0317 | 24.3280 |
| November | 24.7019 | 24.4243 | 24.5487 |
| December | 24.8212 | 24.1425 | 24.3999 |