2023 HKD to ARS Historical Review

YEARLY HIGH

103.8306 ARS

YEARLY LOW

22.6499 ARS

YEARLY AVERAGE

37.7254 ARS

2023 HKD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 103.8306. Conversely, the yearly low was recorded on January 1, dropping to 22.6499.

This high-to-low spread represents a total annual volatility of 81.1807 ARS. From a start-to-finish perspective, comparing the January average rate of 23.2775 to the December average rate of 80.9246, the exchange rate registered a net change of 247.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 103.8306 was up 357.62% compared to the 2022 peak of 22.6890, 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 2,595,765 ARS

2022 Average 417,219 ARS

Yearly Trough Low 566,248 ARS

Transaction Impact: A difference of 2,029,516.47 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

86.6893

17.5128

JanuMarcMayJulySeptNove

HKD to ARS 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 27.0113, compared to 48.4395 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.4282 points.

H1 Avg (Jan–Jun) 27.0113

H2 Avg (Jul–Dec) 48.4395

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 57.6610 ARS (High: 103.8306 / Low: 46.1696). On the other end, September was the most stable month, with a tight range of 0.2246 ARS (High: 44.7799 / Low: 44.5553).

December Spread (Volatile) ±57.6610

September Spread (Stable) ±0.2246

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 80.9246) against the same month in 2022 (average: 22.1184), the exchange rate shifted by +58.8062 (+265.87%).

2023 Avg (December) 80.9246

2022 Avg (December) 22.1184

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.8520	22.6499	23.2775
February	25.1166	23.8834	24.4398
March	26.5695	25.1723	25.8046
April	28.2825	26.5466	27.4165
May	30.5780	28.3225	29.4451
June	32.7310	30.6665	31.6841
July	35.3018	32.5309	33.9874
August	44.7508	35.4139	41.0624
September	44.7799	44.5553	44.6854
October	44.8792	44.6433	44.7284
November	46.1523	44.3878	45.2489
December	103.8306	46.1696	80.9246