2023 HKD to AFN Historical Review

YEARLY HIGH

11.6568 AFN

YEARLY LOW

8.8135 AFN

YEARLY AVERAGE

10.5673 AFN

2023 HKD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 11.6568. Conversely, the yearly low was recorded on November 18, dropping to 8.8135.

This high-to-low spread represents a total annual volatility of 2.8433 AFN. From a start-to-finish perspective, comparing the January average rate of 11.3623 to the December average rate of 8.9570, the exchange rate registered a net change of -21.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.6568 was down 13.89% compared to the 2022 peak of 13.5370, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 291,419 AFN

2022 Average 287,380 AFN

Yearly Trough Low 220,338 AFN

Transaction Impact: A difference of 71,081.29 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.6720

8.7102

JanuMarcMayJulySeptNove

HKD to AFN 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 11.2034, compared to 9.9312 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2722 points.

H1 Avg (Jan–Jun) 11.2034

H2 Avg (Jul–Dec) 9.9312

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.0364 AFN (High: 10.3860 / Low: 9.3497). On the other end, December was the most stable month, with a tight range of 0.1909 AFN (High: 9.0626 / Low: 8.8717).

September Spread (Volatile) ±1.0364

December Spread (Stable) ±0.1909

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.8311 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.8311

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 11.0370) against the same month in 2022 (average: 11.1561), the exchange rate shifted by -0.1190 (-1.07%).

2023 Avg (April) 11.0370

2022 Avg (April) 11.1561

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.5274	11.2190	11.3623
February	11.5818	11.1892	11.4252
March	11.4034	10.8985	11.1622
April	11.6568	10.8628	11.0370
May	11.3368	10.9755	11.1631
June	11.1878	10.8762	11.0707
July	11.2412	10.9152	11.0808
August	11.1150	10.3550	10.7872
September	10.3860	9.3497	9.9561
October	10.0105	9.3748	9.6523
November	9.5400	8.8135	9.1540
December	9.0626	8.8717	8.9570