2024 EGP to TRY Historical Review

YEARLY HIGH

1.0260 TRY

YEARLY LOW

0.6418 TRY

YEARLY AVERAGE

0.7428 TRY

2024 EGP to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 1.0260. Conversely, the yearly low was recorded on March 6, dropping to 0.6418.

This high-to-low spread represents a total annual volatility of 0.3841 TRY. From a start-to-finish perspective, comparing the January average rate of 0.9742 to the December average rate of 0.6922, the exchange rate registered a net change of -28.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0260 was up 7.33% compared to the 2023 peak of 0.9559, 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 5,130 TRY

2023 Average 3,882 TRY

Yearly Trough Low 3,209 TRY

Transaction Impact: A difference of 1,920.72 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0287

0.6450

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 0.7904, compared to 0.6952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0951 points.

H1 Avg (Jan–Jun) 0.7904

H2 Avg (Jul–Dec) 0.6952

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.3841 TRY (High: 1.0260 / Low: 0.6418). On the other end, October was the most stable month, with a tight range of 0.0084 TRY (High: 0.7091 / Low: 0.7008).

March Spread (Volatile) ±0.3841

October Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2683 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.2683

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.7285) against the same month in 2023 (average: 0.6167), the exchange rate shifted by +0.1117 (+18.12%).

2024 Avg (March) 0.7285

2023 Avg (March) 0.6167

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9826	0.9522	0.9742
February	1.0131	0.9804	0.9967
March	1.0260	0.6418	0.7285
April	0.6819	0.6695	0.6769
May	0.6908	0.6730	0.6825
June	0.6886	0.6781	0.6833
July	0.6893	0.6760	0.6834
August	0.7017	0.6782	0.6892
September	0.7085	0.6989	0.7032
October	0.7091	0.7008	0.7052
November	0.7044	0.6937	0.6981
December	0.6990	0.6878	0.6922