2023 HKD to KPW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to KPW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to KPW exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 115.5439. Conversely, the yearly low was recorded on March 18, dropping to 114.6490.
This high-to-low spread represents a total annual volatility of 0.8949 KPW. From a start-to-finish perspective, comparing the January average rate of 115.0865 to the December average rate of 115.2438, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 115.5439 was down 0.26% compared to the 2022 peak of 115.8413, 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 2023.
HKD to KPW 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 114.8086, compared to 115.1007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2920 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 0.7765 KPW (High: 115.4707 / Low: 114.6942). On the other end, April was the most stable month, with a tight range of 0.0434 KPW (High: 114.6938 / Low: 114.6504).
Growth Streaks & Declines
TrendsBetween April and July, 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 January and February, when the average rate fell by 0.3922 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 115.2874) against the same month in 2022 (average: 114.9443), the exchange rate shifted by +0.3431 (+0.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 115.3460 | 114.7967 | 115.0865 |
| February | 114.8811 | 114.6504 | 114.6942 |
| March | 114.7571 | 114.6490 | 114.6656 |
| April | 114.6938 | 114.6504 | 114.6573 |
| May | 115.1447 | 114.6504 | 114.8398 |
| June | 115.1271 | 114.7473 | 114.9084 |
| July | 115.4315 | 114.8347 | 115.1274 |
| August | 115.4707 | 114.6942 | 114.9927 |
| September | 115.1379 | 114.7366 | 114.9406 |
| October | 115.1227 | 114.9036 | 115.0120 |
| November | 115.5439 | 115.0079 | 115.2874 |
| December | 115.4459 | 115.1049 | 115.2438 |