2023 HKD to INR Historical Review

YEARLY HIGH

10.7023 INR

YEARLY LOW

10.3355 INR

YEARLY AVERAGE

10.5467 INR

2023 HKD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 10.7023. Conversely, the yearly low was recorded on January 21, dropping to 10.3355.

This high-to-low spread represents a total annual volatility of 0.3668 INR. From a start-to-finish perspective, comparing the January average rate of 10.4507 to the December average rate of 10.6592, the exchange rate registered a net change of 2.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.7023 was up 0.44% compared to the 2022 peak of 10.6554, 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 267,557 INR

2022 Average 250,938 INR

Yearly Trough Low 258,388 INR

Transaction Impact: A difference of 9,168.95 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6888

10.4179

JanuMarcMayJulySeptNove

HKD to INR 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 10.4825, compared to 10.6109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1284 points.

H1 Avg (Jan–Jun) 10.4825

H2 Avg (Jul–Dec) 10.6109

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2698 INR (High: 10.6053 / Low: 10.3355). On the other end, October was the most stable month, with a tight range of 0.0633 INR (High: 10.6659 / Low: 10.6026).

January Spread (Volatile) ±0.2698

October Spread (Stable) ±0.0633

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 0.0526 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0526

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 10.6662) against the same month in 2022 (average: 10.4165), the exchange rate shifted by +0.2497 (+2.40%).

2023 Avg (November) 10.6662

2022 Avg (November) 10.4165

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6053	10.3355	10.4507
February	10.5673	10.4233	10.5303
March	10.5389	10.4099	10.4778
April	10.4904	10.4055	10.4405
May	10.6060	10.4115	10.5042
June	10.5377	10.4623	10.4916
July	10.5824	10.4609	10.5140
August	10.6506	10.5137	10.5843
September	10.6504	10.5461	10.6060
October	10.6659	10.6026	10.6355
November	10.7023	10.6266	10.6662
December	10.6835	10.6108	10.6592