2023 TOP to EGP Historical Review

YEARLY HIGH

13.3145 EGP

YEARLY LOW

10.5537 EGP

YEARLY AVERAGE

12.9778 EGP

2023 TOP to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 13.3145. Conversely, the yearly low was recorded on January 2, dropping to 10.5537.

This high-to-low spread represents a total annual volatility of 2.7608 EGP. From a start-to-finish perspective, comparing the January average rate of 12.2894 to the December average rate of 13.1498, the exchange rate registered a net change of 7.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.3145 was up 25.48% compared to the 2022 peak of 10.6111, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,573 EGP

2022 Average 41,156 EGP

Yearly Trough Low 52,768 EGP

Transaction Impact: A difference of 13,804.17 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.2364

12.2033

JanuMarcMayJulySeptNove

TOP 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 12.9455, compared to 13.0100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0645 points.

H1 Avg (Jan–Jun) 12.9455

H2 Avg (Jul–Dec) 13.0100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 2.4885 EGP (High: 13.0422 / Low: 10.5537). On the other end, September was the most stable month, with a tight range of 0.0976 EGP (High: 12.9643 / Low: 12.8668).

January Spread (Volatile) ±2.4885

September Spread (Stable) ±0.0976

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 July and August, when the average rate fell by 0.1558 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1558

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 13.1503) against the same month in 2022 (average: 8.0367), the exchange rate shifted by +5.1137 (+63.63%).

2023 Avg (July) 13.1503

2022 Avg (July) 8.0367

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0422	10.5537	12.2894
February	13.1304	12.9349	13.0386
March	13.1722	12.9141	13.0624
April	13.2353	12.9737	13.1063
May	13.2015	12.8449	13.0739
June	13.2137	12.9605	13.1026
July	13.3145	13.0358	13.1503
August	13.1497	12.9111	12.9946
September	12.9643	12.8668	12.9221
October	12.9885	12.8109	12.8845
November	13.1311	12.7988	12.9587
December	13.2874	13.0568	13.1498