2023 HKD to IDR Historical Review

YEARLY HIGH

2036.6377 IDR

YEARLY LOW

1868.8439 IDR

YEARLY AVERAGE

1946.7317 IDR

2023 HKD to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 2036.6377. Conversely, the yearly low was recorded on April 30, dropping to 1868.8439.

This high-to-low spread represents a total annual volatility of 167.7937 IDR. From a start-to-finish perspective, comparing the January average rate of 1949.2106 to the December average rate of 1982.5683, the exchange rate registered a net change of 1.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2036.6377 was up 0.51% compared to the 2022 peak of 2026.2226, 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 50,915,942 IDR

2022 Average 47,411,358 IDR

Yearly Trough Low 46,721,098 IDR

Transaction Impact: A difference of 4,194,843.17 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2025.9606

1882.4382

JanuMarcMayJulySeptNove

HKD to IDR 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 1921.3698, compared to 1972.0935 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 50.7237 points.

H1 Avg (Jan–Jun) 1921.3698

H2 Avg (Jul–Dec) 1972.0935

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 92.7486 IDR (High: 2000.8543 / Low: 1908.1057). On the other end, August was the most stable month, with a tight range of 26.2996 IDR (High: 1963.5555 / Low: 1937.2559).

January Spread (Volatile) ±92.7486

August Spread (Stable) ±26.2996

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 54.3714 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -54.3714

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2014.0004) against the same month in 2022 (average: 1966.2600), the exchange rate shifted by +47.7405 (+2.43%).

2023 Avg (October) 2014.0004

2022 Avg (October) 1966.2600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2000.8543	1908.1057	1949.2106
February	1945.0464	1898.7993	1932.6695
March	1975.8250	1906.8465	1948.9832
April	1911.2581	1868.8439	1894.6118
May	1916.2661	1869.4132	1894.3984
June	1922.7598	1893.1655	1908.3453
July	1942.9319	1908.4018	1926.3803
August	1963.5555	1937.2559	1950.5703
September	1991.4466	1942.1796	1963.6163
October	2036.6377	1973.4889	2014.0004
November	2033.6577	1969.1848	1995.4254
December	2005.3697	1966.3694	1982.5683