2023 EGP to HKD Historical Review

YEARLY HIGH

0.3158 HKD

YEARLY LOW

0.2518 HKD

YEARLY AVERAGE

0.2556 HKD

2023 EGP to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.3158. Conversely, the yearly low was recorded on August 13, dropping to 0.2518.

This high-to-low spread represents a total annual volatility of 0.0640 HKD. From a start-to-finish perspective, comparing the January average rate of 0.2744 to the December average rate of 0.2527, the exchange rate registered a net change of -7.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3158 was down 36.83% compared to the 2022 peak of 0.5000, 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 1,579 HKD

2022 Average 2,078 HKD

Yearly Trough Low 1,259 HKD

Transaction Impact: A difference of 319.92 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2766

0.2506

JanuMarcMayJulySeptNove

EGP to HKD 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 0.2581, compared to 0.2531 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.2581

H2 Avg (Jul–Dec) 0.2531

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0561 HKD (High: 0.3158 / Low: 0.2598). On the other end, September was the most stable month, with a tight range of 0.0014 HKD (High: 0.2541 / Low: 0.2528).

January Spread (Volatile) ±0.0561

September Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between 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 0.0169 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0169

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2744) against the same month in 2022 (average: 0.4957), the exchange rate shifted by -0.2213 (-44.65%).

2023 Avg (January) 0.2744

2022 Avg (January) 0.4957

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3158	0.2598	0.2744
February	0.2599	0.2561	0.2575
March	0.2576	0.2536	0.2548
April	0.2563	0.2528	0.2545
May	0.2593	0.2528	0.2541
June	0.2545	0.2530	0.2535
July	0.2540	0.2523	0.2532
August	0.2539	0.2518	0.2533
September	0.2541	0.2528	0.2534
October	0.2546	0.2523	0.2533
November	0.2552	0.2519	0.2528
December	0.2539	0.2522	0.2527