2024 EGP to CVE Historical Review

YEARLY HIGH

3.3348 CVE

YEARLY LOW

2.0190 CVE

YEARLY AVERAGE

2.3196 CVE

2024 EGP to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on February 14, valuing the pair at 3.3348. Conversely, the yearly low was recorded on August 25, dropping to 2.0190.

This high-to-low spread represents a total annual volatility of 1.3157 CVE. From a start-to-finish perspective, comparing the January average rate of 3.2742 to the December average rate of 2.0813, the exchange rate registered a net change of -36.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.3348 was down 20.15% compared to the 2023 peak of 4.1760, 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 16,674 CVE

2023 Average 16,668 CVE

Yearly Trough Low 10,095 CVE

Transaction Impact: A difference of 6,578.73 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3.4346

1.9257

JanuMarcMayJulySeptNove

EGP to CVE 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 2.5589, compared to 2.0803 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4786 points.

H1 Avg (Jan–Jun) 2.5589

H2 Avg (Jul–Dec) 2.0803

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.2713 CVE (High: 3.3126 / Low: 2.0413). On the other end, September was the most stable month, with a tight range of 0.0353 CVE (High: 2.0684 / Low: 2.0331).

March Spread (Volatile) ±1.2713

September Spread (Stable) ±0.0353

Growth Streaks & Declines

Trends

Between September and November, 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 0.9977 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9977

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 3.3089) against the same month in 2023 (average: 3.3822), the exchange rate shifted by -0.0733 (-2.17%).

2024 Avg (February) 3.3089

2023 Avg (February) 3.3822

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.2993	3.2169	3.2742
February	3.3348	3.2771	3.3089
March	3.3126	2.0413	2.3111
April	2.1765	2.1349	2.1488
May	2.1837	2.1334	2.1608
June	2.1692	2.1298	2.1498
July	2.1370	2.0905	2.1111
August	2.1089	2.0190	2.0516
September	2.0684	2.0331	2.0514
October	2.1005	2.0588	2.0850
November	2.1456	2.0583	2.1016
December	2.1119	2.0649	2.0813