2023 EGP to INR Historical Review

YEARLY HIGH

3.3464 INR

YEARLY LOW

2.6336 INR

YEARLY AVERAGE

2.6959 INR

2023 EGP to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 3.3464. Conversely, the yearly low was recorded on May 1, dropping to 2.6336.

This high-to-low spread represents a total annual volatility of 0.7128 INR. From a start-to-finish perspective, comparing the January average rate of 2.8688 to the December average rate of 2.6940, the exchange rate registered a net change of -6.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.3464 was down 31.73% compared to the 2022 peak of 4.9017, 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 16,732 INR

2022 Average 20,773 INR

Yearly Trough Low 13,168 INR

Transaction Impact: A difference of 3,564.15 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.8900

2.6359

JanuMarcMayJulySeptNove

EGP to INR 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 2.7060, compared to 2.6857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0203 points.

H1 Avg (Jan–Jun) 2.7060

H2 Avg (Jul–Dec) 2.6857

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.6372 INR (High: 3.3464 / Low: 2.7092). On the other end, September was the most stable month, with a tight range of 0.0183 INR (High: 2.6952 / Low: 2.6769).

January Spread (Volatile) ±0.6372

September Spread (Stable) ±0.0183

Growth Streaks & Declines

Trends

Between June and November, 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 0.1572 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1572

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.8688) against the same month in 2022 (average: 4.7364), the exchange rate shifted by -1.8676 (-39.43%).

2023 Avg (January) 2.8688

2022 Avg (January) 4.7364

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.3464	2.7092	2.8688
February	2.7410	2.6974	2.7116
March	2.7079	2.6520	2.6694
April	2.6791	2.6407	2.6571
May	2.6999	2.6336	2.6693
June	2.6788	2.6497	2.6597
July	2.6784	2.6479	2.6618
August	2.6957	2.6629	2.6805
September	2.6952	2.6769	2.6877
October	2.7029	2.6756	2.6944
November	2.7128	2.6861	2.6959
December	2.7054	2.6808	2.6940