2024 GMD to EGP Historical Review

YEARLY HIGH

0.7290 EGP

YEARLY LOW

0.4544 EGP

YEARLY AVERAGE

0.6577 EGP

2024 GMD to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GMD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 6, valuing the pair at 0.7290. Conversely, the yearly low was recorded on March 1, dropping to 0.4544.

This high-to-low spread represents a total annual volatility of 0.2745 EGP. From a start-to-finish perspective, comparing the January average rate of 0.4590 to the December average rate of 0.7041, the exchange rate registered a net change of 53.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.7290 was up 39.87% compared to the 2023 peak of 0.5212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GMD based on timing:

Yearly Peak High 3,645 EGP

2023 Average 2,464 EGP

Yearly Trough Low 2,272 EGP

Transaction Impact: A difference of 1,372.68 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.7355

0.4319

JanuMarcMayJulySeptNove

GMD to EGP 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 0.6144, compared to 0.7011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0867 points.

H1 Avg (Jan–Jun) 0.6144

H2 Avg (Jul–Dec) 0.7011

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.2745 EGP (High: 0.7290 / Low: 0.4544). On the other end, January was the most stable month, with a tight range of 0.0037 EGP (High: 0.4609 / Low: 0.4572).

March Spread (Volatile) ±0.2745

January Spread (Stable) ±0.0037

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0100 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.6642) against the same month in 2023 (average: 0.5019), the exchange rate shifted by +0.1624 (+32.35%).

2024 Avg (March) 0.6642

2023 Avg (March) 0.5019

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4609	0.4572	0.4590
February	0.4627	0.4545	0.4572
March	0.7290	0.4544	0.6642
April	0.7140	0.6947	0.7041
May	0.7079	0.6884	0.6977
June	0.7141	0.6952	0.7040
July	0.7144	0.6988	0.7102
August	0.7156	0.6854	0.7003
September	0.7109	0.6814	0.6965
October	0.7200	0.6892	0.7013
November	0.7028	0.6819	0.6939
December	0.7094	0.6967	0.7041