2024 SHP to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SHP to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SHP to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 65.3877. Conversely, the yearly low was recorded on February 5, dropping to 38.7300.
This high-to-low spread represents a total annual volatility of 26.6578 EGP. From a start-to-finish perspective, comparing the January average rate of 39.2548 to the December average rate of 63.8857, the exchange rate registered a net change of 62.75% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 65.3877 was up 61.18% compared to the 2023 peak of 40.5681, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SHP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 52.6370, compared to 63.2610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 10.6240 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 24.4609 EGP (High: 63.5294 / Low: 39.0685). On the other end, January was the most stable month, with a tight range of 0.4593 EGP (High: 39.4970 / Low: 39.0377).
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 0.6715 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 64.0497) against the same month in 2023 (average: 38.2750), the exchange rate shifted by +25.7747 (+67.34%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 39.4970 | 39.0377 | 39.2548 |
| February | 39.3861 | 38.7300 | 39.0422 |
| March | 63.5294 | 39.0685 | 57.3554 |
| April | 60.4060 | 59.2075 | 59.8046 |
| May | 60.7360 | 58.9498 | 59.7450 |
| June | 61.3638 | 60.1367 | 60.6198 |
| July | 62.6996 | 61.0708 | 62.0004 |
| August | 64.5519 | 61.9715 | 63.3094 |
| September | 65.3877 | 63.0764 | 64.0497 |
| October | 64.1591 | 62.9386 | 63.3782 |
| November | 64.1021 | 62.1671 | 62.9424 |
| December | 64.6366 | 62.9365 | 63.8857 |