2023 EGP to NOK Historical Review

YEARLY HIGH

0.4074 NOK

YEARLY LOW

0.3219 NOK

YEARLY AVERAGE

0.3447 NOK

2023 EGP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.4074. Conversely, the yearly low was recorded on July 13, dropping to 0.3219.

This high-to-low spread represents a total annual volatility of 0.0855 NOK. From a start-to-finish perspective, comparing the January average rate of 0.3484 to the December average rate of 0.3403, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4074 was down 29.14% compared to the 2022 peak of 0.5749, 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 2,037 NOK

2022 Average 2,537 NOK

Yearly Trough Low 1,610 NOK

Transaction Impact: A difference of 427.36 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3585

0.3308

JanuMarcMayJulySeptNove

EGP to NOK 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 0.3445, compared to 0.3448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.3445

H2 Avg (Jul–Dec) 0.3448

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0786 NOK (High: 0.4074 / Low: 0.3288). On the other end, September was the most stable month, with a tight range of 0.0059 NOK (High: 0.3501 / Low: 0.3443).

January Spread (Volatile) ±0.0786

September Spread (Stable) ±0.0059

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 June and July, when the average rate fell by 0.0162 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3484) against the same month in 2022 (average: 0.5631), the exchange rate shifted by -0.2147 (-38.14%).

2023 Avg (January) 0.3484

2022 Avg (January) 0.5631

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4074	0.3288	0.3484
February	0.3423	0.3275	0.3363
March	0.3512	0.3354	0.3420
April	0.3475	0.3326	0.3407
May	0.3631	0.3399	0.3506
June	0.3591	0.3397	0.3493
July	0.3483	0.3219	0.3331
August	0.3471	0.3276	0.3389
September	0.3501	0.3443	0.3472
October	0.3627	0.3455	0.3562
November	0.3633	0.3432	0.3530
December	0.3548	0.3280	0.3403