2024 EGP to ZAR Historical Review

YEARLY HIGH

0.6250 ZAR

YEARLY LOW

0.3496 ZAR

YEARLY AVERAGE

0.4183 ZAR

2024 EGP to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 0.6250. Conversely, the yearly low was recorded on December 11, dropping to 0.3496.

This high-to-low spread represents a total annual volatility of 0.2754 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.6070 to the December average rate of 0.3608, the exchange rate registered a net change of -40.57% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6250 was down 9.18% compared to the 2023 peak of 0.6881, 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 3,125 ZAR

2023 Average 3,011 ZAR

Yearly Trough Low 1,748 ZAR

Transaction Impact: A difference of 1,377.00 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6408

0.3353

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 0.4704, compared to 0.3662 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1042 points.

H1 Avg (Jan–Jun) 0.4704

H2 Avg (Jul–Dec) 0.3662

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2400 ZAR (High: 0.6180 / Low: 0.3780). On the other end, October was the most stable month, with a tight range of 0.0064 ZAR (High: 0.3651 / Low: 0.3587).

March Spread (Volatile) ±0.2400

October Spread (Stable) ±0.0064

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1860 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.1860

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 0.6154) against the same month in 2023 (average: 0.5882), the exchange rate shifted by +0.0272 (+4.62%).

2024 Avg (February) 0.6154

2023 Avg (February) 0.5882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6215	0.5905	0.6070
February	0.6250	0.6013	0.6154
March	0.6180	0.3780	0.4294
April	0.4016	0.3880	0.3950
May	0.3981	0.3840	0.3894
June	0.3992	0.3747	0.3859
July	0.3863	0.3740	0.3784
August	0.3807	0.3630	0.3694
September	0.3711	0.3539	0.3632
October	0.3651	0.3587	0.3617
November	0.3697	0.3510	0.3637
December	0.3717	0.3496	0.3608