2024 PEN to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 PEN to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the PEN to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 13.7204. Conversely, the yearly low was recorded on February 14, dropping to 7.9646.
This high-to-low spread represents a total annual volatility of 5.7558 EGP. From a start-to-finish perspective, comparing the January average rate of 8.2791 to the December average rate of 13.5509, the exchange rate registered a net change of 63.68% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 13.7204 was up 58.00% compared to the 2023 peak of 8.6837, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 PEN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
PEN to EGP Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 11.1102, compared to 13.0516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.9414 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 5.1724 EGP (High: 13.3279 / Low: 8.1555). On the other end, October was the most stable month, with a tight range of 0.1608 EGP (High: 13.0434 / Low: 12.8826).
Growth Streaks & Declines
TrendsBetween September and December, 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 August and September, when the average rate fell by 0.2399 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 13.5509) against the same month in 2023 (average: 8.2709), the exchange rate shifted by +5.2800 (+63.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3800 | 8.1139 | 8.2791 |
| February | 8.1930 | 7.9646 | 8.0734 |
| March | 13.3279 | 8.1555 | 12.1583 |
| April | 13.0513 | 12.6522 | 12.8669 |
| May | 12.8657 | 12.4639 | 12.6718 |
| June | 12.7458 | 12.4810 | 12.6113 |
| July | 13.0137 | 12.5254 | 12.8007 |
| August | 13.2278 | 12.9445 | 13.0931 |
| September | 12.9923 | 12.6681 | 12.8533 |
| October | 13.0434 | 12.8826 | 12.9528 |
| November | 13.2602 | 12.9258 | 13.0589 |
| December | 13.7204 | 13.2555 | 13.5509 |