2024 CVE to HKD Historical Review

YEARLY HIGH

0.0791 HKD

YEARLY LOW

0.0732 HKD

YEARLY AVERAGE

0.0765 HKD

2024 CVE to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0791. Conversely, the yearly low was recorded on December 23, dropping to 0.0732.

This high-to-low spread represents a total annual volatility of 0.0059 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0773 to the December average rate of 0.0739, the exchange rate registered a net change of -4.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0791 was down 0.77% compared to the 2023 peak of 0.0798, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 396 HKD

2023 Average 384 HKD

Yearly Trough Low 366 HKD

Transaction Impact: A difference of 29.68 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0788

0.0734

JanuMarcMayJulySeptNove

CVE 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 0.0766, compared to 0.0764 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0766

H2 Avg (Jul–Dec) 0.0764

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0033 HKD (High: 0.0768 / Low: 0.0735). On the other end, September was the most stable month, with a tight range of 0.0010 HKD (High: 0.0790 / Low: 0.0779).

November Spread (Volatile) ±0.0033

September Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.0777) against the same month in 2023 (average: 0.0774), the exchange rate shifted by +0.0003 (+0.41%).

2024 Avg (August) 0.0777

2023 Avg (August) 0.0774

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0782	0.0767	0.0773
February	0.0769	0.0759	0.0765
March	0.0776	0.0764	0.0770
April	0.0771	0.0754	0.0762
May	0.0771	0.0754	0.0765
June	0.0771	0.0754	0.0762
July	0.0774	0.0758	0.0768
August	0.0791	0.0761	0.0777
September	0.0790	0.0779	0.0784
October	0.0781	0.0759	0.0767
November	0.0768	0.0735	0.0750
December	0.0747	0.0732	0.0739