2024 HKD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 HKD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the HKD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 20, valuing the pair at 2114.1122. Conversely, the yearly low was recorded on September 24, dropping to 1945.2458.
This high-to-low spread represents a total annual volatility of 168.8664 IDR. From a start-to-finish perspective, comparing the January average rate of 1998.4453 to the December average rate of 2066.8186, the exchange rate registered a net change of 3.42% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 2114.1122 was up 3.80% compared to the 2023 peak of 2036.6377, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 2036.3984, compared to 2030.2141 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1843 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 109.0138 IDR (High: 2084.4130 / Low: 1975.3992). On the other end, February was the most stable month, with a tight range of 24.7208 IDR (High: 2016.8721 / Low: 1992.1513).
Growth Streaks & Declines
TrendsBetween January and April, 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 59.6446 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 2094.9971) against the same month in 2023 (average: 1908.3453), the exchange rate shifted by +186.6518 (+9.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2026.5309 | 1970.4623 | 1998.4453 |
| February | 2016.8721 | 1992.1513 | 2002.5955 |
| March | 2032.4134 | 1985.0587 | 2008.8716 |
| April | 2085.9703 | 2029.0998 | 2056.8753 |
| May | 2081.0008 | 2039.9562 | 2056.6058 |
| June | 2114.1122 | 2072.9430 | 2094.9971 |
| July | 2098.6209 | 2063.4382 | 2080.6740 |
| August | 2084.4130 | 1975.3992 | 2021.0294 |
| September | 1995.1141 | 1945.2458 | 1967.8729 |
| October | 2029.6972 | 1966.1602 | 2008.8316 |
| November | 2054.0232 | 2004.1501 | 2036.0580 |
| December | 2102.7330 | 2035.4391 | 2066.8186 |