2023 AFN to EGP Historical Review

YEARLY HIGH

0.4500 EGP

YEARLY LOW

0.2770 EGP

YEARLY AVERAGE

0.3734 EGP

2023 AFN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.4500. Conversely, the yearly low was recorded on January 2, dropping to 0.2770.

This high-to-low spread represents a total annual volatility of 0.1730 EGP. From a start-to-finish perspective, comparing the January average rate of 0.3220 to the December average rate of 0.4418, the exchange rate registered a net change of 37.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4500 was up 57.10% compared to the 2022 peak of 0.2865, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,250 EGP

2022 Average 1,074 EGP

Yearly Trough Low 1,385 EGP

Transaction Impact: A difference of 865.01 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4537

0.3101

JanuMarcMayJulySeptNove

AFN to EGP 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 0.3464, compared to 0.4004 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0540 points.

H1 Avg (Jan–Jun) 0.3464

H2 Avg (Jul–Dec) 0.4004

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0623 EGP (High: 0.3393 / Low: 0.2770). On the other end, December was the most stable month, with a tight range of 0.0093 EGP (High: 0.4462 / Low: 0.4370).

January Spread (Volatile) ±0.0623

December Spread (Stable) ±0.0093

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0035 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.4325) against the same month in 2022 (average: 0.2778), the exchange rate shifted by +0.1548 (+55.73%).

2023 Avg (November) 0.4325

2022 Avg (November) 0.2778

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3393	0.2770	0.3220
February	0.3489	0.3335	0.3399
March	0.3602	0.3433	0.3517
April	0.3624	0.3377	0.3561
May	0.3604	0.3478	0.3525
June	0.3628	0.3525	0.3563
July	0.3630	0.3518	0.3565
August	0.3805	0.3568	0.3661
September	0.4213	0.3790	0.3966
October	0.4215	0.3945	0.4090
November	0.4500	0.4143	0.4325
December	0.4462	0.4370	0.4418