2023 EGP to XOF Historical Review

YEARLY HIGH

25.1037 XOF

YEARLY LOW

18.8884 XOF

YEARLY AVERAGE

19.7946 XOF

2023 EGP to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 25.1037. Conversely, the yearly low was recorded on July 17, dropping to 18.8884.

This high-to-low spread represents a total annual volatility of 6.2153 XOF. From a start-to-finish perspective, comparing the January average rate of 21.3503 to the December average rate of 19.4358, the exchange rate registered a net change of -8.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 25.1037 was down 34.56% compared to the 2022 peak of 38.3641, 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 125,518 XOF

2022 Average 164,911 XOF

Yearly Trough Low 94,442 XOF

Transaction Impact: A difference of 31,076.35 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

21.5641

18.9982

JanuMarcMayJulySeptNove

EGP to XOF 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 19.9703, compared to 19.6190 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3514 points.

H1 Avg (Jan–Jun) 19.9703

H2 Avg (Jul–Dec) 19.6190

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.0923 XOF (High: 25.1037 / Low: 20.0114). On the other end, October was the most stable month, with a tight range of 0.3700 XOF (High: 20.2671 / Low: 19.8971).

January Spread (Volatile) ±5.0923

October Spread (Stable) ±0.3700

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 1.2362 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.3503) against the same month in 2022 (average: 36.8603), the exchange rate shifted by -15.5100 (-42.08%).

2023 Avg (January) 21.3503

2022 Avg (January) 36.8603

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.1037	20.0114	21.3503
February	20.3036	19.7240	20.1141
March	20.2347	19.4702	19.8722
April	19.6489	19.1856	19.3545
May	19.8526	19.1449	19.5515
June	19.8820	19.3124	19.5795
July	19.5565	18.8884	19.2120
August	19.6656	19.2220	19.4559
September	20.2096	19.6674	19.8814
October	20.2671	19.8971	20.0998
November	20.0554	19.2844	19.6288
December	19.7319	19.1674	19.4358