2023 GMD to HKD Historical Review

YEARLY HIGH

0.1321 HKD

YEARLY LOW

0.1157 HKD

YEARLY AVERAGE

0.1259 HKD

2023 GMD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.1321. Conversely, the yearly low was recorded on November 27, dropping to 0.1157.

This high-to-low spread represents a total annual volatility of 0.0164 HKD. From a start-to-finish perspective, comparing the January average rate of 0.1261 to the December average rate of 0.1160, the exchange rate registered a net change of -8.04% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1321 was down 10.82% compared to the 2022 peak of 0.1482, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 661 HKD

2022 Average 709 HKD

Yearly Trough Low 578 HKD

Transaction Impact: A difference of 82.11 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1333

0.1144

JanuMarcMayJulySeptNove

GMD 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 0.1287, compared to 0.1232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.1287

H2 Avg (Jul–Dec) 0.1232

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0095 HKD (High: 0.1297 / Low: 0.1202). On the other end, August was the most stable month, with a tight range of 0.0007 HKD (High: 0.1295 / Low: 0.1288).

September Spread (Volatile) ±0.0095

August Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0075 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1317) against the same month in 2022 (average: 0.1451), the exchange rate shifted by -0.0134 (-9.25%).

2023 Avg (June) 0.1317

2022 Avg (June) 0.1451

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1280	0.1254	0.1261
February	0.1287	0.1273	0.1284
March	0.1286	0.1263	0.1279
April	0.1309	0.1260	0.1269
May	0.1316	0.1304	0.1311
June	0.1321	0.1313	0.1317
July	0.1316	0.1300	0.1311
August	0.1295	0.1288	0.1292
September	0.1297	0.1202	0.1268
October	0.1217	0.1185	0.1193
November	0.1203	0.1157	0.1167
December	0.1165	0.1157	0.1160