2023 BWP to HKD Historical Review

YEARLY HIGH

0.6192 HKD

YEARLY LOW

0.5654 HKD

YEARLY AVERAGE

0.5866 HKD

2023 BWP to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 0.6192. Conversely, the yearly low was recorded on October 9, dropping to 0.5654.

This high-to-low spread represents a total annual volatility of 0.0538 HKD. From a start-to-finish perspective, comparing the January average rate of 0.6122 to the December average rate of 0.5783, the exchange rate registered a net change of -5.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6192 was down 9.75% compared to the 2022 peak of 0.6860, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,096 HKD

2022 Average 3,173 HKD

Yearly Trough Low 2,827 HKD

Transaction Impact: A difference of 269.06 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6165

0.5655

JanuMarcMayJulySeptNove

BWP 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 0.5948, compared to 0.5783 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.5948

H2 Avg (Jul–Dec) 0.5783

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0290 HKD (High: 0.6182 / Low: 0.5892). On the other end, October was the most stable month, with a tight range of 0.0087 HKD (High: 0.5741 / Low: 0.5654).

February Spread (Volatile) ±0.0290

October Spread (Stable) ±0.0087

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0161 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0161

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6122) against the same month in 2022 (average: 0.6712), the exchange rate shifted by -0.0590 (-8.79%).

2023 Avg (January) 0.6122

2022 Avg (January) 0.6712

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6192	0.6053	0.6122
February	0.6182	0.5892	0.5998
March	0.6034	0.5853	0.5938
April	0.6034	0.5927	0.5981
May	0.5966	0.5680	0.5819
June	0.5911	0.5680	0.5827
July	0.6007	0.5768	0.5906
August	0.5898	0.5738	0.5800
September	0.5808	0.5672	0.5738
October	0.5741	0.5654	0.5697
November	0.5841	0.5723	0.5776
December	0.5839	0.5693	0.5783