2024 EGP to ISK Historical Review

YEARLY HIGH

4.4936 ISK

YEARLY LOW

2.7152 ISK

YEARLY AVERAGE

3.1372 ISK

2024 EGP to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 13, valuing the pair at 4.4936. Conversely, the yearly low was recorded on December 17, dropping to 2.7152.

This high-to-low spread represents a total annual volatility of 1.7784 ISK. From a start-to-finish perspective, comparing the January average rate of 4.4322 to the December average rate of 2.7428, the exchange rate registered a net change of -38.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4.4936 was down 22.60% compared to the 2023 peak of 5.8055, 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 22,468 ISK

2023 Average 22,515 ISK

Yearly Trough Low 13,576 ISK

Transaction Impact: A difference of 8,892.11 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4.6275

2.5714

JanuMarcMayJulySeptNove

EGP to ISK 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 3.4648, compared to 2.8096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6552 points.

H1 Avg (Jan–Jun) 3.4648

H2 Avg (Jul–Dec) 2.8096

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.7223 ISK (High: 4.4740 / Low: 2.7518). On the other end, July was the most stable month, with a tight range of 0.0453 ISK (High: 2.8805 / Low: 2.8352).

March Spread (Volatile) ±1.7223

July Spread (Stable) ±0.0453

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 1.3330 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.3330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 4.4562) against the same month in 2023 (average: 4.6950), the exchange rate shifted by -0.2388 (-5.09%).

2024 Avg (February) 4.4562

2023 Avg (February) 4.6950

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.4793	4.3737	4.4322
February	4.4936	4.3978	4.4562
March	4.4740	2.7518	3.1231
April	2.9790	2.9043	2.9340
May	2.9712	2.8863	2.9358
June	2.9298	2.8751	2.9075
July	2.8805	2.8352	2.8587
August	2.8542	2.7908	2.8171
September	2.8642	2.7727	2.8263
October	2.8391	2.7879	2.8163
November	2.8292	2.7577	2.7963
December	2.7909	2.7152	2.7428