2023 SGD to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 23.4691. Conversely, the yearly low was recorded on January 3, dropping to 18.4155.
This high-to-low spread represents a total annual volatility of 5.0535 EGP. From a start-to-finish perspective, comparing the January average rate of 21.6160 to the December average rate of 23.2096, the exchange rate registered a net change of 7.37% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.4691 was up 27.28% compared to the 2022 peak of 18.4393, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SGD 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 22.7624, compared to 22.8922 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1298 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 4.5480 EGP (High: 22.9635 / Low: 18.4155). On the other end, October was the most stable month, with a tight range of 0.2497 EGP (High: 22.7022 / Low: 22.4525).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.2556 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 23.2096) against the same month in 2022 (average: 18.2357), the exchange rate shifted by +4.9739 (+27.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.9635 | 18.4155 | 21.6160 |
| February | 23.1342 | 22.6217 | 22.8599 |
| March | 23.3053 | 22.6878 | 22.9771 |
| April | 23.3647 | 22.9366 | 23.1559 |
| May | 23.3276 | 22.8001 | 23.0167 |
| June | 23.1183 | 22.7815 | 22.9487 |
| July | 23.3931 | 22.8324 | 23.1307 |
| August | 23.1557 | 22.7176 | 22.8750 |
| September | 22.8154 | 22.5044 | 22.6634 |
| October | 22.7022 | 22.4525 | 22.5641 |
| November | 23.2365 | 22.6108 | 22.9106 |
| December | 23.4691 | 22.9643 | 23.2096 |