2024 EGP to MVR Historical Review

YEARLY HIGH

0.5013 MVR

YEARLY LOW

0.3015 MVR

YEARLY AVERAGE

0.3504 MVR

2024 EGP to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.5013. Conversely, the yearly low was recorded on May 2, dropping to 0.3015.

This high-to-low spread represents a total annual volatility of 0.1998 MVR. From a start-to-finish perspective, comparing the January average rate of 0.4986 to the December average rate of 0.3047, the exchange rate registered a net change of -38.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5013 was down 19.56% compared to the 2023 peak of 0.6231, 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 2,506 MVR

2023 Average 2,509 MVR

Yearly Trough Low 1,507 MVR

Transaction Impact: A difference of 998.99 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5180

0.2854

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 0.3867, compared to 0.3141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0726 points.

H1 Avg (Jan–Jun) 0.3867

H2 Avg (Jul–Dec) 0.3141

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1873 MVR (High: 0.4989 / Low: 0.3116). On the other end, September was the most stable month, with a tight range of 0.0026 MVR (High: 0.3180 / Low: 0.3154).

March Spread (Volatile) ±0.1873

September Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1470 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1470

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.4986) against the same month in 2023 (average: 0.5399), the exchange rate shifted by -0.0413 (-7.64%).

2024 Avg (January) 0.4986

2023 Avg (January) 0.5399

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5013	0.4963	0.4986
February	0.4996	0.4936	0.4981
March	0.4989	0.3116	0.3511
April	0.3276	0.3185	0.3233
May	0.3313	0.3015	0.3262
June	0.3270	0.3182	0.3227
July	0.3225	0.3163	0.3196
August	0.3162	0.3117	0.3145
September	0.3180	0.3154	0.3170
October	0.3185	0.3136	0.3160
November	0.3161	0.3110	0.3126
December	0.3108	0.3015	0.3047