2023 SHP to EGP Historical Review

YEARLY HIGH

40.5681 EGP

YEARLY LOW

29.6509 EGP

YEARLY AVERAGE

38.1291 EGP

2023 SHP to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SHP to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 40.5681. Conversely, the yearly low was recorded on January 3, dropping to 29.6509.

This high-to-low spread represents a total annual volatility of 10.9171 EGP. From a start-to-finish perspective, comparing the January average rate of 35.0638 to the December average rate of 39.1381, the exchange rate registered a net change of 11.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 40.5681 was up 32.20% compared to the 2022 peak of 30.6870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SHP based on timing:

Yearly Peak High 202,840 EGP

2022 Average 118,177 EGP

Yearly Trough Low 148,255 EGP

Transaction Impact: A difference of 54,585.63 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

40.2388

34.5933

JanuMarcMayJulySeptNove

SHP 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 37.5232, compared to 38.7350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2117 points.

H1 Avg (Jan–Jun) 37.5232

H2 Avg (Jul–Dec) 38.7350

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 7.4998 EGP (High: 37.1508 / Low: 29.6509). On the other end, August was the most stable month, with a tight range of 0.6811 EGP (High: 39.5460 / Low: 38.8649).

January Spread (Volatile) ±7.4998

August Spread (Stable) ±0.6811

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.9764 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.9764

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 39.7684) against the same month in 2022 (average: 22.6913), the exchange rate shifted by +17.0771 (+75.26%).

2023 Avg (July) 39.7684

2022 Avg (July) 22.6913

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.1508	29.6509	35.0638
February	37.4087	36.3091	36.7637
March	38.2692	36.3457	37.3993
April	38.8465	37.9226	38.3870
May	39.0168	38.0592	38.4795
June	39.6308	38.2935	39.0462
July	40.5681	39.2170	39.7684
August	39.5460	38.8649	39.2514
September	39.0129	37.4937	38.2750
October	38.0792	37.3464	37.5922
November	39.2971	37.6348	38.3850
December	39.5023	38.7569	39.1381