2023 MGA to EGP Historical Review

YEARLY HIGH

0.0072 EGP

YEARLY LOW

0.0055 EGP

YEARLY AVERAGE

0.0069 EGP

2023 MGA to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MGA to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.0072. Conversely, the yearly low was recorded on January 2, dropping to 0.0055.

This high-to-low spread represents a total annual volatility of 0.0017 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0065 to the December average rate of 0.0067, the exchange rate registered a net change of 3.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0072 was up 26.19% compared to the 2022 peak of 0.0057, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 36 EGP

2022 Average 23 EGP

Yearly Trough Low 28 EGP

Transaction Impact: A difference of 8.49 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0072

0.0065

JanuMarcMayJulySeptNove

MGA 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 0.0070, compared to 0.0068 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0070

H2 Avg (Jul–Dec) 0.0068

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0015 EGP (High: 0.0070 / Low: 0.0055). On the other end, October was the most stable month, with a tight range of 0.0001 EGP (High: 0.0069 / Low: 0.0068).

January Spread (Volatile) ±0.0015

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and March, 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 May and June, when the average rate fell by 0.0001 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0071) against the same month in 2022 (average: 0.0041), the exchange rate shifted by +0.0030 (+72.51%).

2023 Avg (March) 0.0071

2022 Avg (March) 0.0041

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0070	0.0055	0.0065
February	0.0072	0.0070	0.0071
March	0.0072	0.0071	0.0071
April	0.0071	0.0069	0.0070
May	0.0071	0.0069	0.0070
June	0.0070	0.0068	0.0069
July	0.0070	0.0068	0.0069
August	0.0069	0.0068	0.0069
September	0.0069	0.0068	0.0069
October	0.0069	0.0068	0.0068
November	0.0069	0.0068	0.0068
December	0.0069	0.0067	0.0067