2023 EGP to MVR Historical Review

YEARLY HIGH

0.6231 MVR

YEARLY LOW

0.4936 MVR

YEARLY AVERAGE

0.5019 MVR

2023 EGP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.6231. Conversely, the yearly low was recorded on November 13, dropping to 0.4936.

This high-to-low spread represents a total annual volatility of 0.1295 MVR. From a start-to-finish perspective, comparing the January average rate of 0.5399 to the December average rate of 0.4975, the exchange rate registered a net change of -7.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6231 was down 36.85% compared to the 2022 peak of 0.9867, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 EGP based on timing:

Yearly Peak High 3,116 MVR

2022 Average 4,093 MVR

Yearly Trough Low 2,468 MVR

Transaction Impact: A difference of 647.63 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5442

0.4923

JanuMarcMayJulySeptNove

EGP to MVR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.5058, compared to 0.4979 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.5058

H2 Avg (Jul–Dec) 0.4979

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1142 MVR (High: 0.6231 / Low: 0.5089). On the other end, August was the most stable month, with a tight range of 0.0032 MVR (High: 0.4986 / Low: 0.4954).

January Spread (Volatile) ±0.1142

August Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

No 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 0.0360 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0360

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5399) against the same month in 2022 (average: 0.9828), the exchange rate shifted by -0.4429 (-45.07%).

2023 Avg (January) 0.5399

2022 Avg (January) 0.9828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6231	0.5089	0.5399
February	0.5086	0.5011	0.5038
March	0.5053	0.4957	0.4990
April	0.5016	0.4944	0.4979
May	0.5071	0.4944	0.4976
June	0.4987	0.4952	0.4966
July	0.5001	0.4953	0.4979
August	0.4986	0.4954	0.4974
September	0.5011	0.4975	0.4990
October	0.5005	0.4946	0.4982
November	0.5037	0.4936	0.4974
December	0.4999	0.4959	0.4975