2024 EGP to CRC Historical Review

YEARLY HIGH

16.8799 CRC

YEARLY LOW

9.8752 CRC

YEARLY AVERAGE

11.7296 CRC

2024 EGP to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 16.8799. Conversely, the yearly low was recorded on December 22, dropping to 9.8752.

This high-to-low spread represents a total annual volatility of 7.0047 CRC. From a start-to-finish perspective, comparing the January average rate of 16.7364 to the December average rate of 10.0043, the exchange rate registered a net change of -40.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 16.8799 was down 29.50% compared to the 2023 peak of 23.9428, 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 84,400 CRC

2023 Average 88,465 CRC

Yearly Trough Low 49,376 CRC

Transaction Impact: A difference of 35,023.54 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

17.4096

9.3310

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 12.9001, compared to 10.5591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3410 points.

H1 Avg (Jan–Jun) 12.9001

H2 Avg (Jul–Dec) 10.5591

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 6.3046 CRC (High: 16.6387 / Low: 10.3341). On the other end, September was the most stable month, with a tight range of 0.2372 CRC (High: 10.8879 / Low: 10.6507).

March Spread (Volatile) ±6.3046

September Spread (Stable) ±0.2372

Growth Streaks & Declines

Trends

Between 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 5.1095 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -5.1095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 16.7364) against the same month in 2023 (average: 20.1933), the exchange rate shifted by -3.4569 (-17.12%).

2024 Avg (January) 16.7364

2023 Avg (January) 20.1933

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.8799	16.5038	16.7364
February	16.8267	16.5678	16.6859
March	16.6387	10.3341	11.5764
April	10.7315	10.3015	10.5442
May	11.0304	10.6265	10.8423
June	11.1930	10.8143	11.0151
July	11.1577	10.8313	10.9310
August	10.8419	10.5729	10.7289
September	10.8879	10.6507	10.7226
October	10.7819	10.4621	10.6268
November	10.5124	10.2153	10.3409
December	10.2136	9.8752	10.0043