2024 FKP to HKD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to HKD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 10.4502. Conversely, the yearly low was recorded on April 22, dropping to 9.6772.
This high-to-low spread represents a total annual volatility of 0.7731 HKD. From a start-to-finish perspective, comparing the January average rate of 9.9334 to the December average rate of 9.8216, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.4502 was up 1.77% compared to the 2023 peak of 10.2684, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
FKP to HKD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.8911, compared to 10.0537 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1626 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.4593 HKD (High: 10.3415 / Low: 9.8823). On the other end, January was the most stable month, with a tight range of 0.1253 HKD (High: 9.9906 / Low: 9.8653).
Growth Streaks & Declines
TrendsBetween April and September, 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 October and November, when the average rate fell by 0.2170 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 10.3003) against the same month in 2023 (average: 9.6996), the exchange rate shifted by +0.6007 (+6.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.9906 | 9.8653 | 9.9334 |
| February | 9.9679 | 9.8034 | 9.8797 |
| March | 10.0559 | 9.8533 | 9.9419 |
| April | 9.9270 | 9.6772 | 9.7965 |
| May | 9.9707 | 9.7655 | 9.8705 |
| June | 10.0172 | 9.8554 | 9.9243 |
| July | 10.1561 | 9.8790 | 10.0510 |
| August | 10.3415 | 9.8823 | 10.0946 |
| September | 10.4502 | 10.1665 | 10.3003 |
| October | 10.3167 | 10.0265 | 10.1358 |
| November | 10.1367 | 9.7539 | 9.9188 |
| December | 9.9359 | 9.7103 | 9.8216 |