2023 HKD to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 24.1420. Conversely, the yearly low was recorded on March 25, dropping to 19.5894.
This high-to-low spread represents a total annual volatility of 4.5526 LRD. From a start-to-finish perspective, comparing the January average rate of 19.8684 to the December average rate of 24.1026, the exchange rate registered a net change of 21.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.1420 was up 21.71% compared to the 2022 peak of 19.8357, 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 LRD 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 20.7520, compared to 23.8578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.1058 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 1.3864 LRD (High: 22.9818 / Low: 21.5953). On the other end, December was the most stable month, with a tight range of 0.1061 LRD (High: 24.1415 / Low: 24.0354).
Growth Streaks & Declines
TrendsBetween January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0061 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 24.0575) against the same month in 2022 (average: 19.6515), the exchange rate shifted by +4.4061 (+22.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 20.0226 | 19.6458 | 19.8684 |
| February | 20.2568 | 19.5904 | 19.9394 |
| March | 20.6753 | 19.5894 | 20.3194 |
| April | 21.0514 | 20.6753 | 20.7809 |
| May | 21.5959 | 21.0672 | 21.3073 |
| June | 22.9818 | 21.5953 | 22.2966 |
| July | 23.9034 | 22.9797 | 23.5012 |
| August | 23.9281 | 23.7032 | 23.8048 |
| September | 23.8687 | 23.7117 | 23.7987 |
| October | 23.9743 | 23.8191 | 23.8820 |
| November | 24.1420 | 23.9617 | 24.0575 |
| December | 24.1415 | 24.0354 | 24.1026 |