2024 AFN to EGP Historical Review

YEARLY HIGH

0.7471 EGP

YEARLY LOW

0.4105 EGP

YEARLY AVERAGE

0.6444 EGP

2024 AFN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 0.7471. Conversely, the yearly low was recorded on February 3, dropping to 0.4105.

This high-to-low spread represents a total annual volatility of 0.3366 EGP. From a start-to-finish perspective, comparing the January average rate of 0.4319 to the December average rate of 0.7284, the exchange rate registered a net change of 68.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7471 was up 66.02% compared to the 2023 peak of 0.4500, 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 3,735 EGP

2023 Average 1,868 EGP

Yearly Trough Low 2,053 EGP

Transaction Impact: A difference of 1,682.87 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7602

0.3918

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 0.5803, compared to 0.7085 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1282 points.

H1 Avg (Jan–Jun) 0.5803

H2 Avg (Jul–Dec) 0.7085

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2604 EGP (High: 0.6862 / Low: 0.4258). On the other end, July was the most stable month, with a tight range of 0.0156 EGP (High: 0.6896 / Low: 0.6740).

March Spread (Volatile) ±0.2604

July Spread (Stable) ±0.0156

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0095 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.7244) against the same month in 2023 (average: 0.4090), the exchange rate shifted by +0.3154 (+77.11%).

2024 Avg (October) 0.7244

2023 Avg (October) 0.4090

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4418	0.4158	0.4319
February	0.4279	0.4105	0.4225
March	0.6862	0.4258	0.6253
April	0.6772	0.6593	0.6660
May	0.6712	0.6479	0.6597
June	0.6868	0.6588	0.6765
July	0.6896	0.6740	0.6808
August	0.7035	0.6842	0.6907
September	0.7110	0.6818	0.6971
October	0.7471	0.7021	0.7244
November	0.7405	0.7210	0.7295
December	0.7404	0.7213	0.7284