2023 EGP to LAK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to LAK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to LAK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 701.8646. Conversely, the yearly low was recorded on March 19, dropping to 541.0724.
This high-to-low spread represents a total annual volatility of 160.7923 LAK. From a start-to-finish perspective, comparing the January average rate of 596.5303 to the December average rate of 668.4428, the exchange rate registered a net change of 12.06% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 701.8646 was down 19.66% compared to the 2022 peak of 873.6302, 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 2023.
EGP to LAK 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 569.6609, compared to 649.6587 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 79.9979 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 143.8295 LAK (High: 701.8646 / Low: 558.0351). On the other end, November was the most stable month, with a tight range of 7.7922 LAK (High: 673.0932 / Low: 665.3010).
Growth Streaks & Declines
TrendsBetween March and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 42.7650 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 596.5303) against the same month in 2022 (average: 717.5640), the exchange rate shifted by -121.0337 (-16.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 701.8646 | 558.0351 | 596.5303 |
| February | 561.6393 | 546.7285 | 553.7653 |
| March | 553.5665 | 541.0724 | 547.7566 |
| April | 565.3142 | 548.2196 | 555.8769 |
| May | 577.2738 | 556.3906 | 569.1286 |
| June | 612.3239 | 573.7130 | 594.9076 |
| July | 623.8462 | 607.3156 | 618.7707 |
| August | 635.7822 | 616.9449 | 629.1264 |
| September | 661.2693 | 637.3399 | 644.8683 |
| October | 671.8649 | 657.5750 | 666.8573 |
| November | 673.0932 | 665.3010 | 669.8869 |
| December | 672.7512 | 664.2687 | 668.4428 |