2023 EGP to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 84.9793. Conversely, the yearly low was recorded on April 30, dropping to 66.9954.
This high-to-low spread represents a total annual volatility of 17.9839 MMK. From a start-to-finish perspective, comparing the January average rate of 73.6890 to the December average rate of 68.0324, the exchange rate registered a net change of -7.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 84.9793 was down 25.35% compared to the 2022 peak of 113.8363, 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 MMK 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 69.1189, compared to 67.9519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1670 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 15.4033 MMK (High: 84.9793 / Low: 69.5760). On the other end, October was the most stable month, with a tight range of 0.2996 MMK (High: 68.1101 / Low: 67.8105).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 4.7665 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 73.6890) against the same month in 2022 (average: 113.0870), the exchange rate shifted by -39.3980 (-34.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 84.9793 | 69.5760 | 73.6890 |
| February | 69.9950 | 68.2716 | 68.9225 |
| March | 68.5737 | 67.3083 | 68.0632 |
| April | 68.5404 | 66.9954 | 68.0182 |
| May | 69.3705 | 67.4941 | 68.0627 |
| June | 68.1492 | 67.6510 | 67.9576 |
| July | 68.2475 | 67.2676 | 67.9284 |
| August | 68.1399 | 67.7726 | 67.9512 |
| September | 68.1059 | 67.7205 | 67.9507 |
| October | 68.1101 | 67.8105 | 67.9390 |
| November | 68.1213 | 67.5744 | 67.9097 |
| December | 68.3663 | 67.8478 | 68.0324 |