2024 SGD to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SGD to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SGD to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 37.9747. Conversely, the yearly low was recorded on February 13, dropping to 22.8716.
This high-to-low spread represents a total annual volatility of 15.1031 EGP. From a start-to-finish perspective, comparing the January average rate of 23.1237 to the December average rate of 37.4268, the exchange rate registered a net change of 61.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 37.9747 was up 61.81% compared to the 2023 peak of 23.4691, 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 2024.
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 30.8745, compared to 36.9688 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.0944 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 14.1215 EGP (High: 37.0744 / Low: 22.9529). On the other end, February was the most stable month, with a tight range of 0.3492 EGP (High: 23.2208 / Low: 22.8716).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.3244 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 37.3939) against the same month in 2023 (average: 22.6634), the exchange rate shifted by +14.7305 (+65.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5117 | 22.9818 | 23.1237 |
| February | 23.2208 | 22.8716 | 22.9791 |
| March | 37.0744 | 22.9529 | 33.6470 |
| April | 35.6563 | 34.8921 | 35.2212 |
| May | 35.5029 | 34.6114 | 35.0024 |
| June | 35.7173 | 34.9269 | 35.2735 |
| July | 36.3444 | 35.5027 | 35.7985 |
| August | 37.5075 | 36.4233 | 37.1752 |
| September | 37.9747 | 37.0236 | 37.3939 |
| October | 37.4373 | 36.7970 | 37.0694 |
| November | 37.4146 | 36.7055 | 36.9492 |
| December | 37.7313 | 36.9676 | 37.4268 |