2021 HKD to CVE Historical Review

YEARLY HIGH

12.6819 CVE

YEARLY LOW

11.6244 CVE

YEARLY AVERAGE

12.0410 CVE

2021 HKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 12.6819. Conversely, the yearly low was recorded on January 4, dropping to 11.6244.

This high-to-low spread represents a total annual volatility of 1.0575 CVE. From a start-to-finish perspective, comparing the January average rate of 11.7335 to the December average rate of 12.5654, the exchange rate registered a net change of 7.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 12.6819 was down 61.77% compared to the 2020 peak of 33.1719, 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 317,047 CVE

2020 Average 314,382 CVE

Yearly Trough Low 290,609 CVE

Transaction Impact: A difference of 26,438.10 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

12.6486

11.6503

JanuMarcMayJulySeptNove

HKD to CVE 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 11.8426, compared to 12.2394 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3969 points.

H1 Avg (Jan–Jun) 11.8426

H2 Avg (Jul–Dec) 12.2394

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.7002 CVE (High: 12.3471 / Low: 11.6469). On the other end, December was the most stable month, with a tight range of 0.1079 CVE (High: 12.6142 / Low: 12.5063).

June Spread (Volatile) ±0.7002

December Spread (Stable) ±0.1079

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.1766 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1766

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 12.4389) against the same month in 2020 (average: 12.0649), the exchange rate shifted by +0.3740 (+3.10%).

2021 Avg (November) 12.4389

2020 Avg (November) 12.0649

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.8036	11.6244	11.7335
February	11.9282	11.7587	11.8097
March	12.1376	11.8299	11.9887
April	12.0953	11.7671	11.9235
May	11.8907	11.6423	11.7469
June	12.3471	11.6469	11.8531
July	12.1245	11.9887	12.0557
August	12.1457	11.9797	12.0490
September	12.2586	11.9720	12.0676
October	12.3064	12.1715	12.2600
November	12.6819	12.2463	12.4389
December	12.6142	12.5063	12.5654