2023 HKD to BOB Historical Review

YEARLY HIGH

0.8903 BOB

YEARLY LOW

0.8679 BOB

YEARLY AVERAGE

0.8823 BOB

2023 HKD to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.8903. Conversely, the yearly low was recorded on March 18, dropping to 0.8679.

This high-to-low spread represents a total annual volatility of 0.0224 BOB. From a start-to-finish perspective, comparing the January average rate of 0.8836 to the December average rate of 0.8858, the exchange rate registered a net change of 0.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8903 was down 0.07% compared to the 2022 peak of 0.8909, 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 22,258 BOB

2022 Average 22,006 BOB

Yearly Trough Low 21,698 BOB

Transaction Impact: A difference of 559.71 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8865

0.8785

JanuMarcMayJulySeptNove

HKD to BOB 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 0.8812, compared to 0.8834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.8812

H2 Avg (Jul–Dec) 0.8834

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0153 BOB (High: 0.8832 / Low: 0.8679). On the other end, September was the most stable month, with a tight range of 0.0042 BOB (High: 0.8844 / Low: 0.8802).

March Spread (Volatile) ±0.0153

September Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0029 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8858) against the same month in 2022 (average: 0.8875), the exchange rate shifted by -0.0016 (-0.19%).

2023 Avg (December) 0.8858

2022 Avg (December) 0.8875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8858	0.8805	0.8836
February	0.8888	0.8759	0.8807
March	0.8832	0.8679	0.8792
April	0.8842	0.8742	0.8801
May	0.8841	0.8778	0.8814
June	0.8850	0.8771	0.8821
July	0.8899	0.8746	0.8831
August	0.8873	0.8784	0.8829
September	0.8844	0.8802	0.8823
October	0.8842	0.8784	0.8824
November	0.8872	0.8759	0.8841
December	0.8903	0.8837	0.8858