2024 MGA to EGP Historical Review

YEARLY HIGH

0.0111 EGP

YEARLY LOW

0.0067 EGP

YEARLY AVERAGE

0.0100 EGP

2024 MGA to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MGA to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 0.0111. Conversely, the yearly low was recorded on January 5, dropping to 0.0067.

This high-to-low spread represents a total annual volatility of 0.0044 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0068 to the December average rate of 0.0108, the exchange rate registered a net change of 58.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0111 was up 53.63% compared to the 2023 peak of 0.0072, 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 56 EGP

2023 Average 34 EGP

Yearly Trough Low 33 EGP

Transaction Impact: A difference of 22.15 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0113

0.0064

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 0.0093, compared to 0.0107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0093

H2 Avg (Jul–Dec) 0.0107

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 0.0042 EGP (High: 0.0110 / Low: 0.0068). On the other end, February was the most stable month, with a tight range of 0.0001 EGP (High: 0.0068 / Low: 0.0068).

March Spread (Volatile) ±0.0042

February Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0109) against the same month in 2023 (average: 0.0070), the exchange rate shifted by +0.0038 (+54.36%).

2024 Avg (April) 0.0109

2023 Avg (April) 0.0070

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0068	0.0067	0.0068
February	0.0068	0.0068	0.0068
March	0.0110	0.0068	0.0101
April	0.0111	0.0107	0.0109
May	0.0109	0.0105	0.0107
June	0.0108	0.0106	0.0107
July	0.0108	0.0106	0.0107
August	0.0109	0.0106	0.0107
September	0.0107	0.0106	0.0107
October	0.0106	0.0105	0.0106
November	0.0107	0.0106	0.0106
December	0.0109	0.0106	0.0108