2023 EGP to KRW Historical Review

YEARLY HIGH

51.6345 KRW

YEARLY LOW

40.4599 KRW

YEARLY AVERAGE

42.6319 KRW

2023 EGP to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 51.6345. Conversely, the yearly low was recorded on February 2, dropping to 40.4599.

This high-to-low spread represents a total annual volatility of 11.1746 KRW. From a start-to-finish perspective, comparing the January average rate of 43.6317 to the December average rate of 42.1178, the exchange rate registered a net change of -3.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.6345 was down 34.67% compared to the 2022 peak of 79.0328, 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 258,173 KRW

2022 Average 341,113 KRW

Yearly Trough Low 202,299 KRW

Transaction Impact: A difference of 55,873.24 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

43.9267

41.4060

JanuMarcMayJulySeptNove

EGP to KRW 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 42.6378, compared to 42.6261 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0116 points.

H1 Avg (Jan–Jun) 42.6378

H2 Avg (Jul–Dec) 42.6261

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 10.7965 KRW (High: 51.6345 / Low: 40.8380). On the other end, October was the most stable month, with a tight range of 0.6805 KRW (High: 43.9815 / Low: 43.3009).

January Spread (Volatile) ±10.7965

October Spread (Stable) ±0.6805

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.6371 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 43.6317) against the same month in 2022 (average: 76.0835), the exchange rate shifted by -32.4518 (-42.65%).

2023 Avg (January) 43.6317

2022 Avg (January) 76.0835

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.6345	40.8380	43.6317
February	43.1552	40.4599	41.9946
March	43.1098	41.5722	42.3617
April	43.6420	42.1386	42.8476
May	43.7137	42.5368	43.0597
June	42.8298	41.0366	41.9313
July	42.6238	40.9531	41.6160
August	43.4786	41.7190	42.8304
September	43.8151	42.7045	43.1711
October	43.9815	43.3009	43.7166
November	43.6393	41.6579	42.3047
December	42.6608	41.5930	42.1178