2024 EGP to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 43.5410. Conversely, the yearly low was recorded on March 8, dropping to 26.6544.
This high-to-low spread represents a total annual volatility of 16.8866 KRW. From a start-to-finish perspective, comparing the January average rate of 42.8857 to the December average rate of 28.4916, the exchange rate registered a net change of -33.56% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 43.5410 was down 15.67% compared to the 2023 peak of 51.6345, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 33.7963, compared to 28.0896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.7067 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 16.5322 KRW (High: 43.1866 / Low: 26.6544). On the other end, February was the most stable month, with a tight range of 0.5435 KRW (High: 43.4044 / Low: 42.8608).
Growth Streaks & Declines
TrendsBetween September and December, 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 February and March, when the average rate fell by 12.7898 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 42.8857) against the same month in 2023 (average: 43.6317), the exchange rate shifted by -0.7460 (-1.71%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.5410 | 41.2678 | 42.8857 |
| February | 43.4044 | 42.8608 | 43.1104 |
| March | 43.1866 | 26.6544 | 30.3205 |
| April | 29.0472 | 28.4071 | 28.6554 |
| May | 29.2927 | 28.2571 | 28.8474 |
| June | 29.3094 | 28.7006 | 28.9583 |
| July | 28.8888 | 28.1874 | 28.6950 |
| August | 28.1406 | 27.1539 | 27.6085 |
| September | 27.7970 | 27.1186 | 27.4547 |
| October | 28.4854 | 27.3926 | 28.0330 |
| November | 28.6188 | 28.0027 | 28.2547 |
| December | 29.0774 | 28.0524 | 28.4916 |