2023 HKD to IRR Historical Review

YEARLY HIGH

5431.6947 IRR

YEARLY LOW

5303.7280 IRR

YEARLY AVERAGE

5392.5762 IRR

2023 HKD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 5431.6947. Conversely, the yearly low was recorded on March 25, dropping to 5303.7280.

This high-to-low spread represents a total annual volatility of 127.9666 IRR. From a start-to-finish perspective, comparing the January average rate of 5362.4265 to the December average rate of 5407.5271, the exchange rate registered a net change of 0.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 5431.6947 was down 0.40% compared to the 2022 peak of 5453.3722, 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 135,792,367 IRR

2022 Average 134,942,655 IRR

Yearly Trough Low 132,593,201 IRR

Transaction Impact: A difference of 3,199,165.67 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

5417.8973

5357.3837

JanuMarcMayJulySeptNove

HKD to IRR 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 5381.5609, compared to 5403.5916 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.0307 points.

H1 Avg (Jan–Jun) 5381.5609

H2 Avg (Jul–Dec) 5403.5916

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 91.0693 IRR (High: 5398.3773 / Low: 5307.3080). On the other end, April was the most stable month, with a tight range of 4.9828 IRR (High: 5387.1826 / Low: 5382.1999).

February Spread (Volatile) ±91.0693

April Spread (Stable) ±4.9828

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 8.4137 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.4137

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 5403.8371) against the same month in 2022 (average: 5395.0409), the exchange rate shifted by +8.7961 (+0.16%).

2023 Avg (July) 5403.8371

2022 Avg (July) 5395.0409

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5390.4603	5319.0042	5362.4265
February	5398.3773	5307.3080	5380.2590
March	5388.9544	5303.7280	5371.8453
April	5387.1826	5382.1999	5383.5850
May	5405.4054	5382.2513	5393.8490
June	5410.9716	5391.3343	5397.4006
July	5431.6947	5373.7669	5403.8371
August	5428.7288	5384.2576	5402.0346
September	5405.8721	5386.2482	5396.1218
October	5404.3731	5392.4917	5399.1742
November	5425.0534	5396.1868	5412.8545
December	5422.7493	5378.6187	5407.5271