2023 TRY to PHP Historical Review

YEARLY HIGH

2.9868 PHP

YEARLY LOW

1.8734 PHP

YEARLY AVERAGE

2.4096 PHP

2023 TRY to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 2.9868. Conversely, the yearly low was recorded on December 28, dropping to 1.8734.

This high-to-low spread represents a total annual volatility of 1.1134 PHP. From a start-to-finish perspective, comparing the January average rate of 2.9250 to the December average rate of 1.9080, the exchange rate registered a net change of -34.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9868 was down 23.58% compared to the 2022 peak of 3.9086, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 149,341 PHP

2022 Average 165,917 PHP

Yearly Trough Low 93,671 PHP

Transaction Impact: A difference of 55,669.84 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0267

1.8063

JanuMarcMayJulySeptNove

TRY 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 2.7930, compared to 2.0262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7667 points.

H1 Avg (Jan–Jun) 2.7930

H2 Avg (Jul–Dec) 2.0262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.5617 PHP (High: 2.6832 / Low: 2.1215). On the other end, December was the most stable month, with a tight range of 0.0558 PHP (High: 1.9292 / Low: 1.8734).

June Spread (Volatile) ±0.5617

December Spread (Stable) ±0.0558

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 May and June, when the average rate fell by 0.4563 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4563

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9250) against the same month in 2022 (average: 3.7859), the exchange rate shifted by -0.8609 (-22.74%).

2023 Avg (January) 2.9250

2022 Avg (January) 3.7859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9868	2.8909	2.9250
February	2.9437	2.8494	2.9101
March	2.9358	2.8309	2.8806
April	2.9021	2.8269	2.8564
May	2.8559	2.7149	2.8210
June	2.6832	2.1215	2.3647
July	2.1469	2.0178	2.0746
August	2.1889	2.0350	2.0921
September	2.1311	2.0631	2.1027
October	2.0693	2.0069	2.0361
November	2.0008	1.9153	1.9440
December	1.9292	1.8734	1.9080