2024 EGP to NOK Historical Review

YEARLY HIGH

0.3461 NOK

YEARLY LOW

0.2108 NOK

YEARLY AVERAGE

0.2440 NOK

2024 EGP to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.3461. Conversely, the yearly low was recorded on March 7, dropping to 0.2108.

This high-to-low spread represents a total annual volatility of 0.1353 NOK. From a start-to-finish perspective, comparing the January average rate of 0.3367 to the December average rate of 0.2221, the exchange rate registered a net change of -34.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.3461 was down 15.05% compared to the 2023 peak of 0.4074, 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 1,730 NOK

2023 Average 1,724 NOK

Yearly Trough Low 1,054 NOK

Transaction Impact: A difference of 676.60 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.3536

0.2065

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 0.2662, compared to 0.2218 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0445 points.

H1 Avg (Jan–Jun) 0.2662

H2 Avg (Jul–Dec) 0.2218

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.1315 NOK (High: 0.3422 / Low: 0.2108). On the other end, December was the most stable month, with a tight range of 0.0054 NOK (High: 0.2247 / Low: 0.2193).

March Spread (Volatile) ±0.1315

December Spread (Stable) ±0.0054

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.0999 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0999

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.3413) against the same month in 2023 (average: 0.3363), the exchange rate shifted by +0.0050 (+1.50%).

2024 Avg (February) 0.3413

2023 Avg (February) 0.3363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3407	0.3282	0.3367
February	0.3461	0.3377	0.3413
March	0.3422	0.2108	0.2415
April	0.2323	0.2244	0.2282
May	0.2315	0.2210	0.2272
June	0.2253	0.2181	0.2225
July	0.2282	0.2193	0.2241
August	0.2252	0.2145	0.2188
September	0.2245	0.2134	0.2190
October	0.2256	0.2186	0.2228
November	0.2268	0.2205	0.2238
December	0.2247	0.2193	0.2221