2024 EGP to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 93.0230. Conversely, the yearly low was recorded on March 7, dropping to 57.7225.
This high-to-low spread represents a total annual volatility of 35.3005 BIF. From a start-to-finish perspective, comparing the January average rate of 92.3756 to the December average rate of 58.2960, the exchange rate registered a net change of -36.89% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 93.0230 was up 0.33% compared to the 2023 peak of 92.7125, 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 2024.
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 71.8214, compared to 59.2763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 12.5451 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 35.1596 BIF (High: 92.8821 / Low: 57.7225). On the other end, September was the most stable month, with a tight range of 0.5884 BIF (High: 60.0099 / Low: 59.4215).
Growth Streaks & Declines
TrendsBetween August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 27.4291 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 92.5228) against the same month in 2023 (average: 68.0349), the exchange rate shifted by +24.4879 (+35.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 92.9221 | 91.9946 | 92.3756 |
| February | 93.0230 | 92.0248 | 92.5228 |
| March | 92.8821 | 57.7225 | 65.0936 |
| April | 60.6951 | 58.9077 | 59.9413 |
| May | 61.4827 | 59.6632 | 60.7020 |
| June | 61.0056 | 59.4777 | 60.2928 |
| July | 60.1009 | 59.2848 | 59.7580 |
| August | 59.4957 | 58.3652 | 58.9068 |
| September | 60.0099 | 59.4215 | 59.7349 |
| October | 60.7169 | 59.3177 | 59.7951 |
| November | 60.0103 | 58.3080 | 59.1668 |
| December | 59.2382 | 57.8566 | 58.2960 |