2024 EGP to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on March 1, valuing the pair at 89.7396. Conversely, the yearly low was recorded on December 22, dropping to 55.6843.
This high-to-low spread represents a total annual volatility of 34.0553 CDF. From a start-to-finish perspective, comparing the January average rate of 88.1156 to the December average rate of 56.4493, the exchange rate registered a net change of -35.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 89.7396 was down 0.69% compared to the 2023 peak of 90.3607, 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 CDF 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 69.5481, compared to 58.2081 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 11.3400 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 33.8399 CDF (High: 89.7396 / Low: 55.8997). On the other end, November was the most stable month, with a tight range of 0.8545 CDF (High: 58.3572 / Low: 57.5028).
Growth Streaks & Declines
TrendsBetween April and June, 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 26.0611 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 63.1134) against the same month in 2023 (average: 67.1231), the exchange rate shifted by -4.0097 (-5.97%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 89.0792 | 86.1768 | 88.1156 |
| February | 89.6198 | 88.4262 | 89.1745 |
| March | 89.7396 | 55.8997 | 63.1134 |
| April | 59.7833 | 57.2069 | 58.3953 |
| May | 59.9578 | 57.9846 | 59.1293 |
| June | 59.8585 | 58.8522 | 59.3605 |
| July | 59.8025 | 58.4353 | 59.0323 |
| August | 59.1246 | 57.5677 | 58.2594 |
| September | 59.3062 | 58.4341 | 58.7926 |
| October | 59.2522 | 58.3303 | 58.7728 |
| November | 58.3572 | 57.5028 | 57.9420 |
| December | 57.5920 | 55.6843 | 56.4493 |