2023 MRO to EGP Historical Review

YEARLY HIGH

31.0507 EGP

YEARLY LOW

24.7148 EGP

YEARLY AVERAGE

30.6530 EGP

2023 MRO to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MRO to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 31.0507. Conversely, the yearly low was recorded on January 2, dropping to 24.7148.

This high-to-low spread represents a total annual volatility of 6.3359 EGP. From a start-to-finish perspective, comparing the January average rate of 28.6192 to the December average rate of 30.8997, the exchange rate registered a net change of 7.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 31.0507 was up 25.36% compared to the 2022 peak of 24.7688, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 155,254 EGP

2022 Average 96,072 EGP

Yearly Trough Low 123,574 EGP

Transaction Impact: A difference of 31,679.68 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.1324

28.3908

JanuMarcMayJulySeptNove

MRO 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 30.4136, compared to 30.8925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4789 points.

H1 Avg (Jan–Jun) 30.4136

H2 Avg (Jul–Dec) 30.8925

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 5.4667 EGP (High: 30.1815 / Low: 24.7148). On the other end, September was the most stable month, with a tight range of 0.0953 EGP (High: 30.9500 / Low: 30.8547).

January Spread (Volatile) ±5.4667

September Spread (Stable) ±0.0953

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 June and July, when the average rate fell by 0.0181 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 30.8405) against the same month in 2022 (average: 18.4393), the exchange rate shifted by +12.4012 (+67.25%).

2023 Avg (May) 30.8405

2022 Avg (May) 18.4393

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.1815	24.7148	28.6192
February	30.6336	30.1917	30.4735
March	30.9495	30.4782	30.8088
April	31.0464	30.6227	30.8430
May	31.0507	30.2716	30.8405
June	30.9554	30.8015	30.8963
July	30.9234	30.7793	30.8783
August	31.0416	30.7871	30.9039
September	30.9500	30.8547	30.8983
October	31.0346	30.7665	30.8880
November	30.9504	30.6548	30.8866
December	30.9680	30.7962	30.8997