2023 EGP to ZAR Historical Review

YEARLY HIGH

0.6881 ZAR

YEARLY LOW

0.5642 ZAR

YEARLY AVERAGE

0.6021 ZAR

2023 EGP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.6881. Conversely, the yearly low was recorded on February 2, dropping to 0.5642.

This high-to-low spread represents a total annual volatility of 0.1240 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.5991 to the December average rate of 0.6018, the exchange rate registered a net change of 0.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6881 was down 32.50% compared to the 2022 peak of 1.0195, 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 3,441 ZAR

2022 Average 4,318 ZAR

Yearly Trough Low 2,821 ZAR

Transaction Impact: A difference of 619.76 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6225

0.5851

JanuMarcMayJulySeptNove

EGP to ZAR 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 0.5992, compared to 0.6050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.5992

H2 Avg (Jul–Dec) 0.6050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1214 ZAR (High: 0.6881 / Low: 0.5667). On the other end, September was the most stable month, with a tight range of 0.0151 ZAR (High: 0.6221 / Low: 0.6069).

January Spread (Volatile) ±0.1214

September Spread (Stable) ±0.0151

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 June and July, when the average rate fell by 0.0165 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5991) against the same month in 2022 (average: 0.9862), the exchange rate shifted by -0.3870 (-39.25%).

2023 Avg (January) 0.5991

2022 Avg (January) 0.9862

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6881	0.5667	0.5991
February	0.6033	0.5642	0.5882
March	0.6163	0.5756	0.5930
April	0.5984	0.5761	0.5890
May	0.6402	0.5911	0.6193
June	0.6352	0.5884	0.6065
July	0.6192	0.5682	0.5899
August	0.6208	0.5914	0.6078
September	0.6221	0.6069	0.6138
October	0.6335	0.6031	0.6162
November	0.6112	0.5883	0.6002
December	0.6171	0.5908	0.6018