2023 EGP to NAD Historical Review

YEARLY HIGH

0.6883 NAD

YEARLY LOW

0.5643 NAD

YEARLY AVERAGE

0.6037 NAD

2023 EGP to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.6883. Conversely, the yearly low was recorded on February 2, dropping to 0.5643.

This high-to-low spread represents a total annual volatility of 0.1239 NAD. From a start-to-finish perspective, comparing the January average rate of 0.5992 to the December average rate of 0.6047, the exchange rate registered a net change of 0.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6883 was down 32.37% compared to the 2022 peak of 1.0177, 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 3,441 NAD

2022 Average 4,301 NAD

Yearly Trough Low 2,822 NAD

Transaction Impact: A difference of 619.55 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6272

0.5830

JanuMarcMayJulySeptNove

EGP to NAD 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 0.5990, compared to 0.6083 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0094 points.

H1 Avg (Jan–Jun) 0.5990

H2 Avg (Jul–Dec) 0.6083

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1209 NAD (High: 0.6883 / Low: 0.5673). On the other end, September was the most stable month, with a tight range of 0.0158 NAD (High: 0.6222 / Low: 0.6064).

January Spread (Volatile) ±0.1209

September Spread (Stable) ±0.0158

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 October and November, when the average rate fell by 0.0164 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5992) against the same month in 2022 (average: 0.9863), the exchange rate shifted by -0.3871 (-39.25%).

2023 Avg (January) 0.5992

2022 Avg (January) 0.9863

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6883	0.5673	0.5992
February	0.6028	0.5643	0.5867
March	0.6049	0.5821	0.5933
April	0.5968	0.5736	0.5893
May	0.6400	0.5902	0.6189
June	0.6383	0.5886	0.6063
July	0.6105	0.5706	0.5909
August	0.6419	0.5915	0.6098
September	0.6222	0.6064	0.6141
October	0.6542	0.6070	0.6235
November	0.6480	0.5886	0.6071
December	0.6181	0.5911	0.6047