2023 EGP to SLL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 EGP to SLL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the EGP to SLL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 714.7539. Conversely, the yearly low was recorded on May 1, dropping to 568.9076.
This high-to-low spread represents a total annual volatility of 145.8463 SLL. From a start-to-finish perspective, comparing the January average rate of 619.8470 to the December average rate of 678.6321, the exchange rate registered a net change of 9.48% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 714.7539 was down 17.36% compared to the 2022 peak of 864.8693, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 EGP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
EGP to SLL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 581.7047, compared to 663.2573 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 81.5527 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 129.4616 SLL (High: 714.7539 / Low: 585.2923). On the other end, September was the most stable month, with a tight range of 2.0927 SLL (High: 679.6209 / Low: 677.5283).
Growth Streaks & Declines
TrendsBetween June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 40.1500 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 619.8470) against the same month in 2022 (average: 722.0347), the exchange rate shifted by -102.1877 (-14.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 714.7539 | 585.2923 | 619.8470 |
| February | 585.0942 | 576.6544 | 579.6970 |
| March | 579.5949 | 570.7685 | 573.3840 |
| April | 576.8593 | 568.9871 | 572.7465 |
| May | 583.5503 | 568.9076 | 572.8023 |
| June | 573.5110 | 570.6590 | 571.7513 |
| July | 680.4984 | 571.2503 | 585.8988 |
| August | 681.1132 | 675.5290 | 678.5394 |
| September | 679.6209 | 677.5283 | 678.6633 |
| October | 681.5692 | 675.6813 | 678.8896 |
| November | 684.0526 | 677.5201 | 678.9208 |
| December | 680.9119 | 677.1344 | 678.6321 |