2024 EGP to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 EGP to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the EGP to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 68.2708. Conversely, the yearly low was recorded on December 23, dropping to 41.0753.
This high-to-low spread represents a total annual volatility of 27.1955 MMK. From a start-to-finish perspective, comparing the January average rate of 67.9715 to the December average rate of 41.4928, the exchange rate registered a net change of -38.96% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 68.2708 was down 19.66% compared to the 2023 peak of 84.9793, 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 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 52.9770, compared to 43.4388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 9.5381 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 25.6342 MMK (High: 68.0029 / Low: 42.3688). On the other end, February was the most stable month, with a tight range of 0.3244 MMK (High: 68.0652 / Low: 67.7407).
Growth Streaks & Declines
TrendsBetween April and July, 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 20.1997 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 67.9715) against the same month in 2023 (average: 73.6890), the exchange rate shifted by -5.7175 (-7.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 68.2708 | 67.7987 | 67.9715 |
| February | 68.0652 | 67.7407 | 67.9527 |
| March | 68.0029 | 42.3688 | 47.7531 |
| April | 44.5359 | 43.1742 | 43.9104 |
| May | 45.0738 | 43.6613 | 44.4035 |
| June | 51.8077 | 43.3851 | 45.8706 |
| July | 67.3872 | 43.1990 | 47.2536 |
| August | 43.1867 | 42.4897 | 42.9033 |
| September | 43.4532 | 43.0808 | 43.3053 |
| October | 43.5019 | 42.8597 | 43.1839 |
| November | 43.0303 | 42.1985 | 42.4941 |
| December | 42.1975 | 41.0753 | 41.4928 |