2023 HKD to KHR Historical Review

YEARLY HIGH

532.9157 KHR

YEARLY LOW

509.4084 KHR

YEARLY AVERAGE

524.7626 KHR

2023 HKD to KHR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to KHR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 4, valuing the pair at 532.9157. Conversely, the yearly low was recorded on March 18, dropping to 509.4084.

This high-to-low spread represents a total annual volatility of 23.5074 KHR. From a start-to-finish perspective, comparing the January average rate of 526.1312 to the December average rate of 526.4109, the exchange rate registered a net change of 0.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 532.9157 was up 0.30% compared to the 2022 peak of 531.3011, 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 13,322,893 KHR

2022 Average 13,053,564 KHR

Yearly Trough Low 12,735,209 KHR

Transaction Impact: A difference of 587,684.24 KHR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

530.2273

514.5379

JanuMarcMayJulySeptNove

HKD to KHR 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 521.9987, compared to 527.5266 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.5279 points.

H1 Avg (Jan–Jun) 521.9987

H2 Avg (Jul–Dec) 527.5266

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 13.5255 KHR (High: 528.6655 / Low: 515.1400). On the other end, May was the most stable month, with a tight range of 3.6434 KHR (High: 526.6484 / Low: 523.0050).

February Spread (Volatile) ±13.5255

May Spread (Stable) ±3.6434

Growth Streaks & Declines

Trends

Between March and August, 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 January and February, when the average rate fell by 5.4828 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -5.4828

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 527.4979) against the same month in 2022 (average: 524.3872), the exchange rate shifted by +3.1108 (+0.59%).

2023 Avg (September) 527.4979

2022 Avg (September) 524.3872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	527.8891	523.6828	526.1312
February	528.6655	515.1400	520.6484
March	517.6919	509.4084	515.8453
April	525.4811	513.2731	517.8242
May	526.6484	523.0050	525.1110
June	527.3682	523.6819	526.4319
July	529.4974	523.4062	527.4434
August	530.2454	526.2943	528.9199
September	532.9157	524.2528	527.4979
October	529.6100	524.5756	527.7225
November	529.0666	523.0522	527.1649
December	529.1962	523.0856	526.4109