2024 HKD to CVE Historical Review

YEARLY HIGH

13.6610 CVE

YEARLY LOW

12.6362 CVE

YEARLY AVERAGE

13.0736 CVE

2024 HKD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 13.6610. Conversely, the yearly low was recorded on August 25, dropping to 12.6362.

This high-to-low spread represents a total annual volatility of 1.0248 CVE. From a start-to-finish perspective, comparing the January average rate of 12.9390 to the December average rate of 13.5379, the exchange rate registered a net change of 4.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 13.6610 was up 1.48% compared to the 2023 peak of 13.4616, 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 341,525 CVE

2023 Average 325,987 CVE

Yearly Trough Low 315,905 CVE

Transaction Impact: A difference of 25,619.75 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

13.6161

12.6779

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 13.0541, compared to 13.0930 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0390 points.

H1 Avg (Jan–Jun) 13.0541

H2 Avg (Jul–Dec) 13.0930

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.5826 CVE (High: 13.6083 / Low: 13.0257). On the other end, September was the most stable month, with a tight range of 0.1696 CVE (High: 12.8329 / Low: 12.6633).

November Spread (Volatile) ±0.5826

September Spread (Stable) ±0.1696

Growth Streaks & Declines

Trends

Between September and December, 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 0.1548 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1548

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 13.5379) against the same month in 2023 (average: 12.9548), the exchange rate shifted by +0.5832 (+4.50%).

2024 Avg (December) 13.5379

2023 Avg (December) 12.9548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.0322	12.7815	12.9390
February	13.1787	12.9965	13.0758
March	13.0896	12.8818	12.9805
April	13.2640	12.9630	13.1182
May	13.2643	12.9702	13.0792
June	13.2542	12.9722	13.1317
July	13.1903	12.9154	13.0221
August	13.1340	12.6362	12.8673
September	12.8329	12.6633	12.7561
October	13.1742	12.8005	13.0377
November	13.6083	13.0257	13.3372
December	13.6610	13.3910	13.5379