YEARLY HIGH
0.2013 EGP
YEARLY LOW
0.1600 EGP
YEARLY AVERAGE
0.1764 EGP

2023 LRD to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.2013. Conversely, the yearly low was recorded on January 2, dropping to 0.1600.

This high-to-low spread represents a total annual volatility of 0.0413 EGP. From a start-to-finish perspective, comparing the January average rate of 0.1842 to the December average rate of 0.1642, the exchange rate registered a net change of -10.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2013 was up 25.35% compared to the 2022 peak of 0.1606, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,006 EGP
2022 Average 628 EGP
Yearly Trough Low 800 EGP
Transaction Impact: A difference of 206.49 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1978
0.1611
JanuMarcMayJulySeptNove

LRD 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 0.1872, compared to 0.1656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0215 points.

H1 Avg (Jan–Jun) 0.1872
H2 Avg (Jul–Dec) 0.1656

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0339 EGP (High: 0.1939 / Low: 0.1600). On the other end, September was the most stable month, with a tight range of 0.0008 EGP (High: 0.1663 / Low: 0.1655).

January Spread (Volatile) ±0.0339
September Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0089 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0089

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1932) against the same month in 2022 (average: 0.1085), the exchange rate shifted by +0.0847 (+78.09%).

2023 Avg (March) 0.1932
2022 Avg (March) 0.1085

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1939 0.1600 0.1842
February 0.1992 0.1922 0.1948
March 0.2013 0.1892 0.1932
April 0.1908 0.1858 0.1891
May 0.1876 0.1827 0.1847
June 0.1827 0.1715 0.1770
July 0.1716 0.1657 0.1681
August 0.1664 0.1649 0.1659
September 0.1663 0.1655 0.1658
October 0.1662 0.1648 0.1653
November 0.1648 0.1634 0.1645
December 0.1649 0.1634 0.1642