2023 BBD to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BBD to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BBD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 15.5254. Conversely, the yearly low was recorded on January 2, dropping to 12.3574.
This high-to-low spread represents a total annual volatility of 3.1680 EGP. From a start-to-finish perspective, comparing the January average rate of 14.3096 to the December average rate of 15.4499, the exchange rate registered a net change of 7.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 15.5254 was up 25.36% compared to the 2022 peak of 12.3844, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BBD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BBD to EGP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 15.2068, compared to 15.4462 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2395 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 2.7333 EGP (High: 15.0907 / Low: 12.3574). On the other end, September was the most stable month, with a tight range of 0.0476 EGP (High: 15.4750 / Low: 15.4274).
Growth Streaks & Declines
TrendsBetween January and April, 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 June and July, when the average rate fell by 0.0090 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2023: 15.4202) against the same month in 2022 (average: 9.2196), the exchange rate shifted by +6.2006 (+67.25%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.0907 | 12.3574 | 14.3096 |
| February | 15.3168 | 15.0959 | 15.2368 |
| March | 15.4748 | 15.2391 | 15.4044 |
| April | 15.5232 | 15.3114 | 15.4215 |
| May | 15.5254 | 15.1358 | 15.4202 |
| June | 15.4777 | 15.4008 | 15.4482 |
| July | 15.4617 | 15.3896 | 15.4391 |
| August | 15.5208 | 15.3936 | 15.4520 |
| September | 15.4750 | 15.4274 | 15.4491 |
| October | 15.5173 | 15.3833 | 15.4440 |
| November | 15.4752 | 15.3274 | 15.4433 |
| December | 15.4840 | 15.3981 | 15.4499 |