2023 EGP to AFN Historical Review

YEARLY HIGH

3.6100 AFN

YEARLY LOW

2.2222 AFN

YEARLY AVERAGE

2.7032 AFN

2023 EGP to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 3.6100. Conversely, the yearly low was recorded on November 18, dropping to 2.2222.

This high-to-low spread represents a total annual volatility of 1.3878 AFN. From a start-to-finish perspective, comparing the January average rate of 3.1171 to the December average rate of 2.2638, the exchange rate registered a net change of -27.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.6100 was down 46.26% compared to the 2022 peak of 6.7174, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,050 AFN

2022 Average 23,986 AFN

Yearly Trough Low 11,111 AFN

Transaction Impact: A difference of 6,939.24 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.2024

2.1785

JanuMarcMayJulySeptNove

EGP to AFN 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 2.8925, compared to 2.5139 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3787 points.

H1 Avg (Jan–Jun) 2.8925

H2 Avg (Jul–Dec) 2.5139

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.6630 AFN (High: 3.6100 / Low: 2.9470). On the other end, December was the most stable month, with a tight range of 0.0475 AFN (High: 2.2884 / Low: 2.2410).

January Spread (Volatile) ±0.6630

December Spread (Stable) ±0.0475

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.2088 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 3.1171) against the same month in 2022 (average: 6.6510), the exchange rate shifted by -3.5339 (-53.13%).

2023 Avg (January) 3.1171

2022 Avg (January) 6.6510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.6100	2.9470	3.1171
February	2.9982	2.8660	2.9421
March	2.9132	2.7765	2.8438
April	2.9609	2.7593	2.8089
May	2.8754	2.7747	2.8368
June	2.8371	2.7563	2.8065
July	2.8428	2.7552	2.8053
August	2.8030	2.6278	2.7319
September	2.6386	2.3737	2.5230
October	2.5346	2.3727	2.4454
November	2.4137	2.2222	2.3138
December	2.2884	2.2410	2.2638