2023 AFN to HKD Historical Review

YEARLY HIGH

0.1135 HKD

YEARLY LOW

0.0858 HKD

YEARLY AVERAGE

0.0953 HKD

2023 AFN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.1135. Conversely, the yearly low was recorded on April 18, dropping to 0.0858.

This high-to-low spread represents a total annual volatility of 0.0277 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0880 to the December average rate of 0.1116, the exchange rate registered a net change of 26.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1135 was up 23.32% compared to the 2022 peak of 0.0920, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 567 HKD

2022 Average 436 HKD

Yearly Trough Low 429 HKD

Transaction Impact: A difference of 138.38 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1141

0.0851

JanuMarcMayJulySeptNove

AFN to HKD 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 0.0893, compared to 0.1013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 0.0893

H2 Avg (Jul–Dec) 0.1013

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0107 HKD (High: 0.1070 / Low: 0.0963). On the other end, December was the most stable month, with a tight range of 0.0024 HKD (High: 0.1127 / Low: 0.1103).

September Spread (Volatile) ±0.0107

December Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0010 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1093) against the same month in 2022 (average: 0.0891), the exchange rate shifted by +0.0203 (+22.74%).

2023 Avg (November) 0.1093

2022 Avg (November) 0.0891

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0891	0.0867	0.0880
February	0.0894	0.0863	0.0875
March	0.0918	0.0877	0.0896
April	0.0921	0.0858	0.0906
May	0.0911	0.0882	0.0896
June	0.0919	0.0894	0.0903
July	0.0916	0.0890	0.0903
August	0.0966	0.0900	0.0927
September	0.1070	0.0963	0.1005
October	0.1067	0.0999	0.1036
November	0.1135	0.1048	0.1093
December	0.1127	0.1103	0.1116