2023 HKD to CAD Historical Review

YEARLY HIGH

0.1775 CAD

YEARLY LOW

0.1677 CAD

YEARLY AVERAGE

0.1724 CAD

2023 HKD to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 0.1775. Conversely, the yearly low was recorded on July 13, dropping to 0.1677.

This high-to-low spread represents a total annual volatility of 0.0098 CAD. From a start-to-finish perspective, comparing the January average rate of 0.1716 to the December average rate of 0.1717, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1775 was up 0.37% compared to the 2022 peak of 0.1768, 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 4,437 CAD

2022 Average 4,156 CAD

Yearly Trough Low 4,191 CAD

Transaction Impact: A difference of 246.05 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1762

0.1686

JanuMarcMayJulySeptNove

HKD to CAD 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 0.1720, compared to 0.1729 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.1720

H2 Avg (Jul–Dec) 0.1729

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0052 CAD (High: 0.1750 / Low: 0.1698). On the other end, September was the most stable month, with a tight range of 0.0027 CAD (High: 0.1746 / Low: 0.1719).

January Spread (Volatile) ±0.0052

September Spread (Stable) ±0.0027

Growth Streaks & Declines

Trends

Between July and November, 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 November and December, when the average rate fell by 0.0039 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1752) against the same month in 2022 (average: 0.1746), the exchange rate shifted by +0.0007 (+0.38%).

2023 Avg (October) 0.1752

2022 Avg (October) 0.1746

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1750	0.1698	0.1716
February	0.1739	0.1693	0.1715
March	0.1766	0.1723	0.1746
April	0.1742	0.1700	0.1722
May	0.1741	0.1704	0.1726
June	0.1717	0.1679	0.1697
July	0.1709	0.1677	0.1692
August	0.1735	0.1703	0.1723
September	0.1746	0.1719	0.1731
October	0.1775	0.1733	0.1752
November	0.1769	0.1736	0.1756
December	0.1741	0.1690	0.1717