2024 EGP to MXN Historical Review

YEARLY HIGH

0.5601 MXN

YEARLY LOW

0.3402 MXN

YEARLY AVERAGE

0.4137 MXN

2024 EGP to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 0.5601. Conversely, the yearly low was recorded on March 8, dropping to 0.3402.

This high-to-low spread represents a total annual volatility of 0.2199 MXN. From a start-to-finish perspective, comparing the January average rate of 0.5522 to the December average rate of 0.4006, the exchange rate registered a net change of -27.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5601 was down 28.89% compared to the 2023 peak of 0.7877, 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 2,800 MXN

2023 Average 2,897 MXN

Yearly Trough Low 1,701 MXN

Transaction Impact: A difference of 1,099.36 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5731

0.3315

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 0.4292, compared to 0.3982 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0310 points.

H1 Avg (Jan–Jun) 0.4292

H2 Avg (Jul–Dec) 0.3982

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2110 MXN (High: 0.5513 / Low: 0.3402). On the other end, February was the most stable month, with a tight range of 0.0069 MXN (High: 0.5568 / Low: 0.5498).

March Spread (Volatile) ±0.2110

February Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1710 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1710

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.5522) against the same month in 2023 (average: 0.6660), the exchange rate shifted by -0.1138 (-17.08%).

2024 Avg (January) 0.5522

2023 Avg (January) 0.6660

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5601	0.5449	0.5522
February	0.5568	0.5498	0.5529
March	0.5513	0.3402	0.3819
April	0.3592	0.3434	0.3516
May	0.3604	0.3521	0.3553
June	0.3933	0.3594	0.3812
July	0.3875	0.3671	0.3758
August	0.4083	0.3809	0.3917
September	0.4155	0.3951	0.4045
October	0.4137	0.3971	0.4050
November	0.4186	0.4017	0.4116
December	0.4106	0.3943	0.4006