2023 EGP to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 92.7125. Conversely, the yearly low was recorded on April 30, dropping to 66.6360.
This high-to-low spread represents a total annual volatility of 26.0765 BIF. From a start-to-finish perspective, comparing the January average rate of 72.5948 to the December average rate of 92.2582, the exchange rate registered a net change of 27.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 92.7125 was down 28.99% compared to the 2022 peak of 130.5567, 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 BIF 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 74.0971, compared to 91.8678 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.7707 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 24.6392 BIF (High: 91.5794 / Low: 66.9402). On the other end, December was the most stable month, with a tight range of 0.6972 BIF (High: 92.7125 / Low: 92.0153).
Growth Streaks & Declines
TrendsBetween March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.5600 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 92.2582) against the same month in 2022 (average: 83.8343), the exchange rate shifted by +8.4239 (+10.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 83.8708 | 68.7264 | 72.5948 |
| February | 69.0142 | 67.3849 | 68.0349 |
| March | 67.9222 | 66.8231 | 67.3916 |
| April | 67.9990 | 66.6360 | 67.4173 |
| May | 91.5794 | 66.9402 | 77.5714 |
| June | 92.0411 | 91.1850 | 91.5729 |
| July | 92.2700 | 90.8608 | 91.6343 |
| August | 92.0377 | 91.3264 | 91.7064 |
| September | 92.1688 | 91.3886 | 91.7824 |
| October | 92.2890 | 91.5794 | 91.8901 |
| November | 92.2890 | 91.1606 | 91.9358 |
| December | 92.7125 | 92.0153 | 92.2582 |