2023 TWD to PHP Historical Review

YEARLY HIGH

1.8476 PHP

YEARLY LOW

1.7279 PHP

YEARLY AVERAGE

1.7862 PHP

2023 TWD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 1.8476. Conversely, the yearly low was recorded on November 12, dropping to 1.7279.

This high-to-low spread represents a total annual volatility of 0.1197 PHP. From a start-to-finish perspective, comparing the January average rate of 1.8075 to the December average rate of 1.7788, the exchange rate registered a net change of -1.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8476 was down 2.20% compared to the 2022 peak of 1.8891, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,238 PHP

2022 Average 9,151 PHP

Yearly Trough Low 8,639 PHP

Transaction Impact: A difference of 598.68 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.8234

1.7401

JanuMarcMayJulySeptNove

TWD 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 1.8078, compared to 1.7647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0431 points.

H1 Avg (Jan–Jun) 1.8078

H2 Avg (Jul–Dec) 1.7647

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0704 PHP (High: 1.8476 / Low: 1.7772). On the other end, October was the most stable month, with a tight range of 0.0216 PHP (High: 1.7729 / Low: 1.7513).

April Spread (Volatile) ±0.0704

October Spread (Stable) ±0.0216

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0507 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0507

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.8080) against the same month in 2022 (average: 1.7897), the exchange rate shifted by +0.0184 (+1.03%).

2023 Avg (April) 1.8080

2022 Avg (April) 1.7897

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8247	1.7944	1.8075
February	1.8330	1.7899	1.8119
March	1.8196	1.7777	1.7914
April	1.8476	1.7772	1.8080
May	1.8427	1.8004	1.8164
June	1.8338	1.7738	1.8113
July	1.7796	1.7406	1.7605
August	1.7845	1.7374	1.7696
September	1.7879	1.7568	1.7734
October	1.7729	1.7513	1.7588
November	1.7726	1.7279	1.7471
December	1.8055	1.7534	1.7788