YEARLY HIGH
0.0124 EGP
YEARLY LOW
0.0098 EGP
YEARLY AVERAGE
0.0122 EGP

2023 SYP to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.0124. Conversely, the yearly low was recorded on January 2, dropping to 0.0098.

This high-to-low spread represents a total annual volatility of 0.0025 EGP. From a start-to-finish perspective, comparing the January average rate of 0.0114 to the December average rate of 0.0123, the exchange rate registered a net change of 7.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0124 was up 25.36% compared to the 2022 peak of 0.0099, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 62 EGP
2022 Average 38 EGP
Yearly Trough Low 49 EGP
Transaction Impact: A difference of 12.61 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0124
0.0113
JanuMarcMayJulySeptNove

SYP 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 0.0121, compared to 0.0123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0121
H2 Avg (Jul–Dec) 0.0123

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0022 EGP (High: 0.0120 / Low: 0.0098). On the other end, September was the most stable month, with a tight range of 0.0000 EGP (High: 0.0123 / Low: 0.0123).

January Spread (Volatile) ±0.0022
September Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between 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 June and July, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0123) against the same month in 2022 (average: 0.0073), the exchange rate shifted by +0.0049 (+67.25%).

2023 Avg (May) 0.0123
2022 Avg (May) 0.0073

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0120 0.0098 0.0114
February 0.0122 0.0120 0.0121
March 0.0123 0.0121 0.0123
April 0.0124 0.0122 0.0123
May 0.0124 0.0120 0.0123
June 0.0123 0.0123 0.0123
July 0.0123 0.0123 0.0123
August 0.0124 0.0123 0.0123
September 0.0123 0.0123 0.0123
October 0.0124 0.0122 0.0123
November 0.0123 0.0122 0.0123
December 0.0123 0.0123 0.0123