2023 EGP to IDR Historical Review

YEARLY HIGH

629.3582 IDR

YEARLY LOW

472.6780 IDR

YEARLY AVERAGE

497.6582 IDR

2023 EGP to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 629.3582. Conversely, the yearly low was recorded on May 1, dropping to 472.6780.

This high-to-low spread represents a total annual volatility of 156.6802 IDR. From a start-to-finish perspective, comparing the January average rate of 535.3870 to the December average rate of 501.0703, the exchange rate registered a net change of -6.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 629.3582 was down 31.51% compared to the 2022 peak of 918.8584, 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 3,146,791 IDR

2022 Average 3,925,632 IDR

Yearly Trough Low 2,363,390 IDR

Transaction Impact: A difference of 783,400.96 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

540.7859

475.9994

JanuMarcMayJulySeptNove

EGP to IDR 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 496.1565, compared to 499.1599 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0034 points.

H1 Avg (Jan–Jun) 496.1565

H2 Avg (Jul–Dec) 499.1599

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 132.3865 IDR (High: 629.3582 / Low: 496.9717). On the other end, August was the most stable month, with a tight range of 8.0071 IDR (High: 497.6000 / Low: 489.5929).

January Spread (Volatile) ±132.3865

August Spread (Stable) ±8.0071

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 37.7211 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -37.7211

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 535.3870) against the same month in 2022 (average: 911.7798), the exchange rate shifted by -376.3928 (-41.28%).

2023 Avg (January) 535.3870

2022 Avg (January) 911.7798

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	629.3582	496.9717	535.3870
February	503.6770	491.8722	497.6660
March	506.0685	486.2774	496.5364
April	487.7425	474.2662	482.1793
May	486.6077	472.6780	481.3983
June	487.7352	479.4645	483.7723
July	491.7584	482.9676	487.7014
August	497.6000	489.5929	493.9948
September	504.1349	492.9146	497.6113
October	515.4118	498.0079	510.2326
November	514.8980	496.5740	504.3493
December	506.2652	497.0488	501.0703