2024 ZAR to EGP Historical Review

YEARLY HIGH

2.8605 EGP

YEARLY LOW

1.6000 EGP

YEARLY AVERAGE

2.4793 EGP

2024 ZAR to EGP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ZAR to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 11, valuing the pair at 2.8605. Conversely, the yearly low was recorded on February 25, dropping to 1.6000.

This high-to-low spread represents a total annual volatility of 1.2605 EGP. From a start-to-finish perspective, comparing the January average rate of 1.6475 to the December average rate of 2.7728, the exchange rate registered a net change of 68.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.8605 was up 61.38% compared to the 2023 peak of 1.7725, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 143,026 EGP

2023 Average 83,105 EGP

Yearly Trough Low 80,002 EGP

Transaction Impact: A difference of 63,024.05 EGP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.8875

1.5104

JanuMarcMayJulySeptNove

ZAR 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 2.2266, compared to 2.7320 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5053 points.

H1 Avg (Jan–Jun) 2.2266

H2 Avg (Jul–Dec) 2.7320

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 1.0273 EGP (High: 2.6454 / Low: 1.6180). On the other end, October was the most stable month, with a tight range of 0.0487 EGP (High: 2.7875 / Low: 2.7388).

March Spread (Volatile) ±1.0273

October Spread (Stable) ±0.0487

Growth Streaks & Declines

Trends

Between February and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0224 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0224

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.7728) against the same month in 2023 (average: 1.6619), the exchange rate shifted by +1.1109 (+66.85%).

2024 Avg (December) 2.7728

2023 Avg (December) 1.6619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6933	1.6091	1.6475
February	1.6630	1.6000	1.6251
March	2.6454	1.6180	2.3946
April	2.5771	2.4903	2.5316
May	2.6042	2.5121	2.5683
June	2.6687	2.5051	2.5927
July	2.6735	2.5884	2.6429
August	2.7548	2.6265	2.7075
September	2.8253	2.6949	2.7542
October	2.7875	2.7388	2.7649
November	2.8490	2.7048	2.7496
December	2.8605	2.6900	2.7728