2024 RON to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 RON to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the RON to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 23, valuing the pair at 10.9651. Conversely, the yearly low was recorded on February 13, dropping to 6.6492.
This high-to-low spread represents a total annual volatility of 4.3159 EGP. From a start-to-finish perspective, comparing the January average rate of 6.7738 to the December average rate of 10.6442, the exchange rate registered a net change of 57.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.9651 was up 55.95% compared to the 2023 peak of 7.0310, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RON based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
RON 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 9.0401, compared to 10.6642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6241 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 4.1511 EGP (High: 10.8846 / Low: 6.7335). On the other end, February was the most stable month, with a tight range of 0.1236 EGP (High: 6.7729 / Low: 6.6492).
Growth Streaks & Declines
TrendsBetween May and August, 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 September and October, when the average rate fell by 0.1787 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 10.8302) against the same month in 2023 (average: 6.8216), the exchange rate shifted by +4.0086 (+58.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 6.8887 | 6.7102 | 6.7738 |
| February | 6.7729 | 6.6492 | 6.7064 |
| March | 10.8846 | 6.7335 | 9.8672 |
| April | 10.4016 | 10.1704 | 10.3043 |
| May | 10.3898 | 10.1798 | 10.2741 |
| June | 10.4204 | 10.2418 | 10.3151 |
| July | 10.6084 | 10.4005 | 10.5133 |
| August | 10.9651 | 10.5564 | 10.8302 |
| September | 10.9527 | 10.7093 | 10.8185 |
| October | 10.7376 | 10.5607 | 10.6398 |
| November | 10.8016 | 10.3290 | 10.5395 |
| December | 10.7370 | 10.4892 | 10.6442 |