2023 EGP to TRY Historical Review

YEARLY HIGH

0.9559 TRY

YEARLY LOW

0.6127 TRY

YEARLY AVERAGE

0.7755 TRY

2023 EGP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.9559. Conversely, the yearly low was recorded on March 4, dropping to 0.6127.

This high-to-low spread represents a total annual volatility of 0.3432 TRY. From a start-to-finish perspective, comparing the January average rate of 0.6590 to the December average rate of 0.9418, the exchange rate registered a net change of 42.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9559 was up 0.71% compared to the 2022 peak of 0.9491, 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 4,780 TRY

2022 Average 4,340 TRY

Yearly Trough Low 3,064 TRY

Transaction Impact: A difference of 1,715.98 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9743

0.5842

JanuMarcMayJulySeptNove

EGP to TRY 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 0.6550, compared to 0.8959 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2409 points.

H1 Avg (Jan–Jun) 0.6550

H2 Avg (Jul–Dec) 0.8959

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1679 TRY (High: 0.8443 / Low: 0.6765). On the other end, February was the most stable month, with a tight range of 0.0078 TRY (High: 0.6239 / Low: 0.6161).

June Spread (Volatile) ±0.1679

February Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0404 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0404

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.9418) against the same month in 2022 (average: 0.7565), the exchange rate shifted by +0.1853 (+24.49%).

2023 Avg (December) 0.9418

2022 Avg (December) 0.7565

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7585	0.6233	0.6590
February	0.6239	0.6161	0.6186
March	0.6243	0.6127	0.6167
April	0.6343	0.6207	0.6272
May	0.6719	0.6268	0.6411
June	0.8443	0.6765	0.7676
July	0.8764	0.8329	0.8574
August	0.8806	0.8384	0.8710
September	0.8887	0.8648	0.8742
October	0.9159	0.8857	0.9029
November	0.9366	0.9169	0.9280
December	0.9559	0.9345	0.9418