2023 HKD to CDF Historical Review

YEARLY HIGH

357.6175 CDF

YEARLY LOW

259.0908 CDF

YEARLY AVERAGE

298.3075 CDF

2023 HKD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 357.6175. Conversely, the yearly low was recorded on January 18, dropping to 259.0908.

This high-to-low spread represents a total annual volatility of 98.5267 CDF. From a start-to-finish perspective, comparing the January average rate of 261.9778 to the December average rate of 348.6183, the exchange rate registered a net change of 33.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 357.6175 was up 34.99% compared to the 2022 peak of 264.9288, 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 8,940,438 CDF

2022 Average 6,448,131 CDF

Yearly Trough Low 6,477,270 CDF

Transaction Impact: A difference of 2,463,167.45 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

357.2823

253.3137

JanuMarcMayJulySeptNove

HKD to CDF 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 272.3430, compared to 324.2719 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 51.9289 points.

H1 Avg (Jan–Jun) 272.3430

H2 Avg (Jul–Dec) 324.2719

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 38.0666 CDF (High: 298.1378 / Low: 260.0711). On the other end, September was the most stable month, with a tight range of 4.7994 CDF (High: 319.1599 / Low: 314.3605).

May Spread (Volatile) ±38.0666

September Spread (Stable) ±4.7994

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: 348.6183) against the same month in 2022 (average: 262.6081), the exchange rate shifted by +86.0102 (+32.75%).

2023 Avg (December) 348.6183

2022 Avg (December) 262.6081

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	264.4586	259.0908	261.9778
February	265.5637	260.5112	262.8420
March	265.8571	260.5243	263.4721
April	278.3083	260.6386	265.1463
May	298.1378	260.0711	279.2764
June	307.5294	296.6237	301.3435
July	326.8623	307.5019	315.8421
August	318.5577	312.4900	316.3863
September	319.1599	314.3605	317.2015
October	332.1250	315.5035	321.8142
November	348.6146	314.4365	325.7690
December	357.6175	341.3144	348.6183