2023 EGP to MXN Historical Review

YEARLY HIGH

0.7877 MXN

YEARLY LOW

0.5401 MXN

YEARLY AVERAGE

0.5795 MXN

2023 EGP to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.7877. Conversely, the yearly low was recorded on July 29, dropping to 0.5401.

This high-to-low spread represents a total annual volatility of 0.2476 MXN. From a start-to-finish perspective, comparing the January average rate of 0.6660 to the December average rate of 0.5556, the exchange rate registered a net change of -16.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7877 was down 41.98% compared to the 2022 peak of 1.3575, 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 3,938 MXN

2022 Average 5,347 MXN

Yearly Trough Low 2,701 MXN

Transaction Impact: A difference of 1,237.79 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6778

0.5362

JanuMarcMayJulySeptNove

EGP to MXN 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 0.5988, compared to 0.5602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 0.5988

H2 Avg (Jul–Dec) 0.5602

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1636 MXN (High: 0.7877 / Low: 0.6241). On the other end, April was the most stable month, with a tight range of 0.0111 MXN (High: 0.5926 / Low: 0.5815).

January Spread (Volatile) ±0.1636

April Spread (Stable) ±0.0111

Growth Streaks & Declines

Trends

Between July and October, 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 January and February, when the average rate fell by 0.0557 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6660) against the same month in 2022 (average: 1.3042), the exchange rate shifted by -0.6382 (-48.94%).

2023 Avg (January) 0.6660

2022 Avg (January) 1.3042

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7877	0.6241	0.6660
February	0.6350	0.5975	0.6103
March	0.6206	0.5821	0.5975
April	0.5926	0.5815	0.5858
May	0.5868	0.5647	0.5748
June	0.5688	0.5528	0.5582
July	0.5577	0.5401	0.5480
August	0.5601	0.5414	0.5497
September	0.5725	0.5518	0.5598
October	0.5936	0.5610	0.5856
November	0.5759	0.5533	0.5626
December	0.5655	0.5481	0.5556