2023 EGP to CRC Historical Review

YEARLY HIGH

23.9428 CRC

YEARLY LOW

16.8095 CRC

YEARLY AVERAGE

17.6960 CRC

2023 EGP to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 23.9428. Conversely, the yearly low was recorded on December 31, dropping to 16.8095.

This high-to-low spread represents a total annual volatility of 7.1333 CRC. From a start-to-finish perspective, comparing the January average rate of 20.1933 to the December average rate of 16.9962, the exchange rate registered a net change of -15.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.9428 was down 42.16% compared to the 2022 peak of 41.3966, 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 119,714 CRC

2022 Average 171,685 CRC

Yearly Trough Low 84,047 CRC

Transaction Impact: A difference of 35,666.70 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.5130

16.6765

JanuMarcMayJulySeptNove

EGP to CRC 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 18.1199, compared to 17.2721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8478 points.

H1 Avg (Jan–Jun) 18.1199

H2 Avg (Jul–Dec) 17.2721

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.6430 CRC (High: 23.9428 / Low: 18.2998). On the other end, October was the most stable month, with a tight range of 0.1980 CRC (High: 17.3421 / Low: 17.1440).

January Spread (Volatile) ±5.6430

October Spread (Stable) ±0.1980

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.6471 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6471

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 20.1933) against the same month in 2022 (average: 40.6409), the exchange rate shifted by -20.4476 (-50.31%).

2023 Avg (January) 20.1933

2022 Avg (January) 40.6409

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.9428	18.2998	20.1933
February	19.0767	18.1813	18.5461
March	18.2280	17.4045	17.7100
April	17.5665	17.1697	17.3654
May	17.9525	17.2464	17.4278
June	17.5805	17.3463	17.4766
July	17.7354	17.3249	17.4934
August	17.6558	17.2385	17.4154
September	17.4703	17.1200	17.3331
October	17.3421	17.1440	17.2199
November	17.3264	17.1017	17.1745
December	17.1362	16.8095	16.9962