2023 EGP to DJF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to DJF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 7.1952. Conversely, the yearly low was recorded on April 30, dropping to 5.6955.
This high-to-low spread represents a total annual volatility of 1.4997 DJF. From a start-to-finish perspective, comparing the January average rate of 6.2369 to the December average rate of 5.7637, the exchange rate registered a net change of -7.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 7.1952 was down 36.87% compared to the 2022 peak of 11.3970, 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 2023.
EGP to DJF 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 5.8551, compared to 5.7575 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0976 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 1.3021 DJF (High: 7.1952 / Low: 5.8931). On the other end, October was the most stable month, with a tight range of 0.0400 DJF (High: 5.7823 / Low: 5.7423).
Growth Streaks & Declines
TrendsBetween July and September, 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 January and February, when the average rate fell by 0.3961 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 6.2369) against the same month in 2022 (average: 11.3142), the exchange rate shifted by -5.0773 (-44.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1952 | 5.8931 | 6.2369 |
| February | 5.9370 | 5.7751 | 5.8408 |
| March | 5.8141 | 5.7327 | 5.7664 |
| April | 5.8071 | 5.6955 | 5.7592 |
| May | 5.8744 | 5.7284 | 5.7670 |
| June | 5.7892 | 5.7264 | 5.7603 |
| July | 5.7831 | 5.7103 | 5.7538 |
| August | 5.7834 | 5.7101 | 5.7567 |
| September | 5.7989 | 5.7418 | 5.7613 |
| October | 5.7823 | 5.7423 | 5.7582 |
| November | 5.7743 | 5.7149 | 5.7513 |
| December | 5.7963 | 5.7433 | 5.7637 |