2023 EGP to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 26.2184. Conversely, the yearly low was recorded on January 11, dropping to 6.0833.
This high-to-low spread represents a total annual volatility of 20.1352 ARS. From a start-to-finish perspective, comparing the January average rate of 6.3821 to the December average rate of 20.4524, the exchange rate registered a net change of 220.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 26.2184 was up 232.47% compared to the 2022 peak of 7.8860, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP to ARS 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 6.9568, compared to 12.2584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3016 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 14.5494 ARS (High: 26.2184 / Low: 11.6691). On the other end, September was the most stable month, with a tight range of 0.0335 ARS (High: 11.3377 / Low: 11.3042).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0891 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 20.4524) against the same month in 2022 (average: 6.9873), the exchange rate shifted by +13.4651 (+192.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.2089 | 6.0833 | 6.3821 |
| February | 6.4356 | 6.1940 | 6.2930 |
| March | 6.7837 | 6.4296 | 6.5740 |
| April | 7.1904 | 6.7837 | 6.9775 |
| May | 7.7554 | 7.1601 | 7.4822 |
| June | 8.3059 | 7.7733 | 8.0320 |
| July | 8.9080 | 8.2477 | 8.6044 |
| August | 11.3289 | 8.9361 | 10.4012 |
| September | 11.3377 | 11.3042 | 11.3240 |
| October | 11.3642 | 11.3150 | 11.3317 |
| November | 11.6643 | 11.3210 | 11.4365 |
| December | 26.2184 | 11.6691 | 20.4524 |