2023 XCD to PHP Historical Review

YEARLY HIGH

21.1891 PHP

YEARLY LOW

19.8564 PHP

YEARLY AVERAGE

20.5784 PHP

2023 XCD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 21.1891. Conversely, the yearly low was recorded on February 5, dropping to 19.8564.

This high-to-low spread represents a total annual volatility of 1.3326 PHP. From a start-to-finish perspective, comparing the January average rate of 20.3267 to the December average rate of 20.5436, the exchange rate registered a net change of 1.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 21.1891 was down 3.32% compared to the 2022 peak of 21.9163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 105,945 PHP

2022 Average 100,844 PHP

Yearly Trough Low 99,282 PHP

Transaction Impact: A difference of 6,663.16 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.0906

20.1753

JanuMarcMayJulySeptNove

XCD 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 20.4344, compared to 20.7225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2881 points.

H1 Avg (Jan–Jun) 20.4344

H2 Avg (Jul–Dec) 20.7225

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.7526 PHP (High: 20.8359 / Low: 20.0833). On the other end, October was the most stable month, with a tight range of 0.1628 PHP (High: 21.1062 / Low: 20.9434).

April Spread (Volatile) ±0.7526

October Spread (Stable) ±0.1628

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.3930 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 21.0143) against the same month in 2022 (average: 21.3332), the exchange rate shifted by -0.3189 (-1.49%).

2023 Avg (September) 21.0143

2022 Avg (September) 21.3332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.7101	20.1236	20.3267
February	20.5454	19.8564	20.2971
March	20.5436	20.0144	20.2516
April	20.8359	20.0833	20.4448
May	20.8529	20.4756	20.6356
June	20.8078	20.4107	20.6505
July	20.5991	20.1092	20.3166
August	21.0438	20.3147	20.8341
September	21.1891	20.9574	21.0143
October	21.1062	20.9434	21.0096
November	20.9724	20.4190	20.6166
December	20.6703	20.4566	20.5436