2023 EGP to SGD Historical Review

YEARLY HIGH

0.0543 SGD

YEARLY LOW

0.0426 SGD

YEARLY AVERAGE

0.0438 SGD

2023 EGP to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.0543. Conversely, the yearly low was recorded on December 31, dropping to 0.0426.

This high-to-low spread represents a total annual volatility of 0.0117 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0465 to the December average rate of 0.0431, the exchange rate registered a net change of -7.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0543 was down 37.60% compared to the 2022 peak of 0.0870, 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 272 SGD

2022 Average 366 SGD

Yearly Trough Low 213 SGD

Transaction Impact: A difference of 58.46 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0468

0.0427

JanuMarcMayJulySeptNove

EGP to SGD 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 0.0440, compared to 0.0437 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0440

H2 Avg (Jul–Dec) 0.0437

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0108 SGD (High: 0.0543 / Low: 0.0435). On the other end, October was the most stable month, with a tight range of 0.0005 SGD (High: 0.0445 / Low: 0.0440).

January Spread (Volatile) ±0.0108

October Spread (Stable) ±0.0005

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 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0465) against the same month in 2022 (average: 0.0859), the exchange rate shifted by -0.0394 (-45.88%).

2023 Avg (January) 0.0465

2022 Avg (January) 0.0859

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0543	0.0435	0.0465
February	0.0442	0.0432	0.0437
March	0.0441	0.0429	0.0435
April	0.0436	0.0428	0.0432
May	0.0439	0.0429	0.0434
June	0.0439	0.0433	0.0436
July	0.0438	0.0427	0.0432
August	0.0440	0.0432	0.0437
September	0.0444	0.0438	0.0441
October	0.0445	0.0440	0.0443
November	0.0442	0.0430	0.0437
December	0.0435	0.0426	0.0431