2023 HKD to GNF Historical Review

YEARLY HIGH

1124.3145 GNF

YEARLY LOW

1081.6802 GNF

YEARLY AVERAGE

1100.8384 GNF

2023 HKD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1124.3145. Conversely, the yearly low was recorded on March 18, dropping to 1081.6802.

This high-to-low spread represents a total annual volatility of 42.6343 GNF. From a start-to-finish perspective, comparing the January average rate of 1108.2357 to the December average rate of 1101.4787, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1124.3145 was down 6.11% compared to the 2022 peak of 1197.4204, 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 28,107,863 GNF

2022 Average 28,118,076 GNF

Yearly Trough Low 27,042,004 GNF

Transaction Impact: A difference of 1,065,858.26 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1109.4950

1094.3839

JanuMarcMayJulySeptNove

HKD to GNF 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 1101.2921, compared to 1100.3847 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9074 points.

H1 Avg (Jan–Jun) 1101.2921

H2 Avg (Jul–Dec) 1100.3847

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 39.5460 GNF (High: 1121.2262 / Low: 1081.6802). On the other end, December was the most stable month, with a tight range of 10.3789 GNF (High: 1106.7517 / Low: 1096.3728).

March Spread (Volatile) ±39.5460

December Spread (Stable) ±10.3789

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 6.5145 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -6.5145

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1108.2357) against the same month in 2022 (average: 1167.3895), the exchange rate shifted by -59.1538 (-5.07%).

2023 Avg (January) 1108.2357

2022 Avg (January) 1167.3895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1124.3145	1097.9246	1108.2357
February	1121.5692	1087.5352	1101.7212
March	1121.2262	1081.6802	1100.3896
April	1102.5548	1083.7973	1095.6432
May	1106.6688	1094.7080	1100.5019
June	1105.9967	1093.9371	1101.2608
July	1108.9957	1090.0434	1101.0148
August	1108.4430	1094.1969	1100.2328
September	1106.6997	1093.6441	1098.9201
October	1106.6431	1091.4161	1099.0742
November	1109.4366	1092.1156	1101.5875
December	1106.7517	1096.3728	1101.4787