2023 HKD to GBP Historical Review

YEARLY HIGH

0.1077 GBP

YEARLY LOW

0.0974 GBP

YEARLY AVERAGE

0.1027 GBP

2023 HKD to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.1077. Conversely, the yearly low was recorded on July 13, dropping to 0.0974.

This high-to-low spread represents a total annual volatility of 0.0103 GBP. From a start-to-finish perspective, comparing the January average rate of 0.1045 to the December average rate of 0.1011, the exchange rate registered a net change of -3.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1077 was down 9.31% compared to the 2022 peak of 0.1188, 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 2,693 GBP

2022 Average 2,591 GBP

Yearly Trough Low 2,435 GBP

Transaction Impact: A difference of 258.14 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1063

0.0987

JanuMarcMayJulySeptNove

HKD to GBP 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 0.1035, compared to 0.1020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.1035

H2 Avg (Jul–Dec) 0.1020

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0049 GBP (High: 0.1077 / Low: 0.1028). On the other end, August was the most stable month, with a tight range of 0.0014 GBP (High: 0.1014 / Low: 0.1000).

March Spread (Volatile) ±0.0049

August Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1050) against the same month in 2022 (average: 0.0971), the exchange rate shifted by +0.0079 (+8.11%).

2023 Avg (March) 0.1050

2022 Avg (March) 0.0971

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1075	0.1029	0.1045
February	0.1067	0.1030	0.1056
March	0.1077	0.1028	0.1050
April	0.1037	0.1013	0.1024
May	0.1036	0.1008	0.1023
June	0.1026	0.0996	0.1010
July	0.1006	0.0974	0.0993
August	0.1014	0.1000	0.1006
September	0.1054	0.1011	0.1031
October	0.1057	0.1038	0.1050
November	0.1049	0.1009	0.1031
December	0.1020	0.1000	0.1011