2024 MXN to EGP Historical Review

YEARLY HIGH

2.9392 EGP

YEARLY LOW

1.7854 EGP

YEARLY AVERAGE

2.4734 EGP

2024 MXN to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 2.9392. Conversely, the yearly low was recorded on January 23, dropping to 1.7854.

This high-to-low spread represents a total annual volatility of 1.1538 EGP. From a start-to-finish perspective, comparing the January average rate of 1.8110 to the December average rate of 2.4969, the exchange rate registered a net change of 37.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.9392 was up 58.75% compared to the 2023 peak of 1.8515, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 146,961 EGP

2023 Average 86,599 EGP

Yearly Trough Low 89,270 EGP

Transaction Impact: A difference of 57,691.15 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9479

1.7050

JanuMarcMayJulySeptNove

MXN 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 2.4327, compared to 2.5140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0814 points.

H1 Avg (Jan–Jun) 2.4327

H2 Avg (Jul–Dec) 2.5140

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.1252 EGP (High: 2.9392 / Low: 1.8140). On the other end, February was the most stable month, with a tight range of 0.0227 EGP (High: 1.8188 / Low: 1.7961).

March Spread (Volatile) ±1.1252

February Spread (Stable) ±0.0227

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 May and June, when the average rate fell by 0.1903 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1903

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 2.6931) against the same month in 2023 (average: 1.6743), the exchange rate shifted by +1.0188 (+60.85%).

2024 Avg (March) 2.6931

2023 Avg (March) 1.6743

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8350	1.7854	1.8110
February	1.8188	1.7961	1.8086
March	2.9392	1.8140	2.6931
April	2.9124	2.7841	2.8443
May	2.8403	2.7744	2.8147
June	2.7822	2.5423	2.6243
July	2.7241	2.5803	2.6616
August	2.6252	2.4494	2.5541
September	2.5310	2.4067	2.4726
October	2.5183	2.4170	2.4695
November	2.4891	2.3891	2.4296
December	2.5358	2.4357	2.4969