2024 HKD to CNY Historical Review

YEARLY HIGH

0.9403 CNY

YEARLY LOW

0.9011 CNY

YEARLY AVERAGE

0.9199 CNY

2024 HKD to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.9403. Conversely, the yearly low was recorded on September 26, dropping to 0.9011.

This high-to-low spread represents a total annual volatility of 0.0392 CNY. From a start-to-finish perspective, comparing the January average rate of 0.9097 to the December average rate of 0.9367, the exchange rate registered a net change of 2.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9403 was up 0.40% compared to the 2023 peak of 0.9366, 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 23,507 CNY

2023 Average 22,590 CNY

Yearly Trough Low 22,527 CNY

Transaction Impact: A difference of 980.23 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9396

0.9051

JanuMarcMayJulySeptNove

HKD to CNY 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 0.9182, compared to 0.9215 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.9182

H2 Avg (Jul–Dec) 0.9215

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0226 CNY (High: 0.9277 / Low: 0.9052). On the other end, December was the most stable month, with a tight range of 0.0097 CNY (High: 0.9403 / Low: 0.9306).

May Spread (Volatile) ±0.0226

December Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.9367) against the same month in 2023 (average: 0.9115), the exchange rate shifted by +0.0252 (+2.76%).

2024 Avg (December) 0.9367

2023 Avg (December) 0.9115

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9202	0.9063	0.9097
February	0.9204	0.9080	0.9151
March	0.9239	0.9118	0.9199
April	0.9256	0.9058	0.9231
May	0.9277	0.9052	0.9175
June	0.9308	0.9083	0.9240
July	0.9317	0.9143	0.9292
August	0.9270	0.9096	0.9165
September	0.9134	0.9011	0.9080
October	0.9176	0.9037	0.9125
November	0.9314	0.9133	0.9262
December	0.9403	0.9306	0.9367