2023 EGP to IRR Historical Review

YEARLY HIGH

1693.3174 IRR

YEARLY LOW

1345.2237 IRR

YEARLY AVERAGE

1378.3950 IRR

2023 EGP to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 1693.3174. Conversely, the yearly low was recorded on March 23, dropping to 1345.2237.

This high-to-low spread represents a total annual volatility of 348.0937 IRR. From a start-to-finish perspective, comparing the January average rate of 1471.3480 to the December average rate of 1366.6897, the exchange rate registered a net change of -7.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1693.3174 was down 37.32% compared to the 2022 peak of 2701.3414, 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 8,466,587 IRR

2022 Average 11,218,180 IRR

Yearly Trough Low 6,726,118 IRR

Transaction Impact: A difference of 1,740,468.47 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1481.8139

1356.2238

JanuMarcMayJulySeptNove

EGP to IRR 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 1389.0754, compared to 1367.7146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 21.3608 points.

H1 Avg (Jan–Jun) 1389.0754

H2 Avg (Jul–Dec) 1367.7146

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 296.8733 IRR (High: 1693.3174 / Low: 1396.4440). On the other end, September was the most stable month, with a tight range of 4.7025 IRR (High: 1369.8075 / Low: 1365.1050).

January Spread (Volatile) ±296.8733

September Spread (Stable) ±4.7025

Growth Streaks & Declines

Trends

Between March and May, 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 85.8956 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -85.8956

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1471.3480) against the same month in 2022 (average: 2688.4635), the exchange rate shifted by -1217.1155 (-45.27%).

2023 Avg (January) 1471.3480

2022 Avg (January) 2688.4635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1693.3174	1396.4440	1471.3480
February	1398.5622	1361.2115	1385.4525
March	1386.2375	1345.2237	1368.5707
April	1379.6947	1361.6716	1370.1277
May	1396.5236	1361.4814	1370.6921
June	1374.1214	1365.0671	1368.2612
July	1374.3345	1359.2803	1368.0884
August	1374.3580	1361.0767	1368.0948
September	1369.8075	1365.1050	1367.4675
October	1372.8406	1360.9810	1367.8478
November	1377.9241	1365.0885	1368.0994
December	1372.7076	1358.6904	1366.6897