2023 EGP to GMD Historical Review

YEARLY HIGH

2.5066 GMD

YEARLY LOW

1.9188 GMD

YEARLY AVERAGE

2.0338 GMD

2023 EGP to GMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 2.5066. Conversely, the yearly low was recorded on June 12, dropping to 1.9188.

This high-to-low spread represents a total annual volatility of 0.5878 GMD. From a start-to-finish perspective, comparing the January average rate of 2.1764 to the December average rate of 2.1797, the exchange rate registered a net change of 0.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5066 was down 26.53% compared to the 2022 peak of 3.4118, 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 12,533 GMD

2022 Average 14,604 GMD

Yearly Trough Low 9,594 GMD

Transaction Impact: A difference of 2,939.00 GMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2052

1.8997

JanuMarcMayJulySeptNove

EGP to GMD 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 2.0071, compared to 2.0604 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0533 points.

H1 Avg (Jan–Jun) 2.0071

H2 Avg (Jul–Dec) 2.0604

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4590 GMD (High: 2.5066 / Low: 2.0476). On the other end, June was the most stable month, with a tight range of 0.0129 GMD (High: 1.9317 / Low: 1.9188).

January Spread (Volatile) ±0.4590

June Spread (Stable) ±0.0129

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1714 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1714

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.1764) against the same month in 2022 (average: 3.3591), the exchange rate shifted by -1.1827 (-35.21%).

2023 Avg (January) 2.1764

2022 Avg (January) 3.3591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5066	2.0476	2.1764
February	2.0398	1.9917	2.0050
March	2.0232	1.9758	1.9925
April	2.0344	1.9381	2.0053
May	1.9887	1.9272	1.9383
June	1.9317	1.9188	1.9252
July	1.9416	1.9264	1.9316
August	1.9695	1.9452	1.9604
September	2.1042	1.9545	2.0006
October	2.1359	2.0743	2.1243
November	2.1841	2.1051	2.1658
December	2.1880	2.1663	2.1797