2023 CNY to HKD Historical Review

YEARLY HIGH

1.1668 HKD

YEARLY LOW

1.0677 HKD

YEARLY AVERAGE

1.1077 HKD

2023 CNY to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 14, valuing the pair at 1.1668. Conversely, the yearly low was recorded on September 9, dropping to 1.0677.

This high-to-low spread represents a total annual volatility of 0.0991 HKD. From a start-to-finish perspective, comparing the January average rate of 1.1515 to the December average rate of 1.0971, the exchange rate registered a net change of -4.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1668 was down 5.78% compared to the 2022 peak of 1.2384, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 29,171 HKD

2022 Average 29,145 HKD

Yearly Trough Low 26,693 HKD

Transaction Impact: A difference of 2,477.83 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1593

1.0659

JanuMarcMayJulySeptNove

CNY 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 1.1322, compared to 1.0832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0490 points.

H1 Avg (Jan–Jun) 1.1322

H2 Avg (Jul–Dec) 1.0832

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0370 HKD (High: 1.1652 / Low: 1.1282). On the other end, April was the most stable month, with a tight range of 0.0106 HKD (High: 1.1428 / Low: 1.1322).

February Spread (Volatile) ±0.0370

April Spread (Stable) ±0.0106

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.0267 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0267

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.1515) against the same month in 2022 (average: 1.2260), the exchange rate shifted by -0.0745 (-6.08%).

2023 Avg (January) 1.1515

2022 Avg (January) 1.2260

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1668	1.1299	1.1515
February	1.1652	1.1282	1.1467
March	1.1510	1.1271	1.1387
April	1.1428	1.1322	1.1398
May	1.1362	1.1012	1.1215
June	1.1064	1.0804	1.0948
July	1.0975	1.0788	1.0878
August	1.0939	1.0730	1.0811
September	1.0827	1.0677	1.0737
October	1.0917	1.0688	1.0757
November	1.1023	1.0691	1.0836
December	1.1050	1.0880	1.0971