2022 EGP to MGA Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2022.
2022 EGP to MGA Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2022
During 2022, the EGP to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 257.4053. Conversely, the yearly low was recorded on November 13, dropping to 174.4899.
This high-to-low spread represents a total annual volatility of 82.9154 MGA. From a start-to-finish perspective, comparing the January average rate of 253.1797 to the December average rate of 179.2952, the exchange rate registered a net change of -29.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2022 high of 257.4053 was up 1.35% compared to the 2021 peak of 253.9810, 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 2022.
EGP to MGA 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 233.6096, compared to 203.2913 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 30.3183 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2022 was March, with a trading range of 41.4248 MGA (High: 257.4053 / Low: 215.9805). On the other end, November was the most stable month, with a tight range of 3.2032 MGA (High: 177.6931 / Low: 174.4899).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2022. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 34.7731 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2022: 242.6727) against the same month in 2021 (average: 240.3094), the exchange rate shifted by +2.3633 (+0.98%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 254.9615 | 251.1771 | 253.1797 |
| February | 254.8965 | 251.6868 | 253.5913 |
| March | 257.4053 | 215.9805 | 242.6727 |
| April | 221.2480 | 215.1209 | 218.1617 |
| May | 221.5030 | 214.1883 | 217.7816 |
| June | 217.6804 | 214.4369 | 216.2706 |
| July | 222.8184 | 215.6089 | 219.2638 |
| August | 221.4766 | 214.5499 | 218.0290 |
| September | 218.2739 | 212.0663 | 215.5869 |
| October | 216.9583 | 177.0159 | 211.1729 |
| November | 177.6931 | 174.4899 | 176.3998 |
| December | 181.2334 | 177.6009 | 179.2952 |