2023 EGP to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 350.6749. Conversely, the yearly low was recorded on April 30, dropping to 275.0408.
This high-to-low spread represents a total annual volatility of 75.6341 GNF. From a start-to-finish perspective, comparing the January average rate of 304.1544 to the December average rate of 278.3857, the exchange rate registered a net change of -8.47% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 350.6749 was down 40.92% compared to the 2022 peak of 593.5799, 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 GNF 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 284.3132, compared to 278.5204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.7928 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 65.4098 GNF (High: 350.6749 / Low: 285.2652). On the other end, December was the most stable month, with a tight range of 1.3896 GNF (High: 279.2675 / Low: 277.8779).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 20.4511 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 304.1544) against the same month in 2022 (average: 578.6600), the exchange rate shifted by -274.5056 (-47.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 350.6749 | 285.2652 | 304.1544 |
| February | 289.7835 | 279.2657 | 283.7033 |
| March | 286.4350 | 276.0229 | 280.3414 |
| April | 282.1980 | 275.0408 | 278.8434 |
| May | 285.9116 | 277.2891 | 279.6627 |
| June | 281.0253 | 277.6525 | 279.1739 |
| July | 280.2645 | 276.3642 | 278.7438 |
| August | 281.1242 | 277.4115 | 278.6398 |
| September | 280.3875 | 276.9145 | 278.4842 |
| October | 280.3112 | 277.4484 | 278.4429 |
| November | 279.9353 | 276.4994 | 278.4261 |
| December | 279.2675 | 277.8779 | 278.3857 |