2024 HKD to MDL Historical Review

YEARLY HIGH

2.3784 MDL

YEARLY LOW

2.2126 MDL

YEARLY AVERAGE

2.2726 MDL

2024 HKD to MDL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to MDL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.3784. Conversely, the yearly low was recorded on August 29, dropping to 2.2126.

This high-to-low spread represents a total annual volatility of 0.1658 MDL. From a start-to-finish perspective, comparing the January average rate of 2.2544 to the December average rate of 2.3564, the exchange rate registered a net change of 4.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3784 was down 3.43% compared to the 2023 peak of 2.4628, 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 59,459 MDL

2023 Average 57,787 MDL

Yearly Trough Low 55,314 MDL

Transaction Impact: A difference of 4,144.95 MDL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.3689

2.2179

JanuMarcMayJulySeptNove

HKD to MDL 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 2.2632, compared to 2.2819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0187 points.

H1 Avg (Jan–Jun) 2.2632

H2 Avg (Jul–Dec) 2.2819

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0800 MDL (High: 2.3150 / Low: 2.2350). On the other end, May was the most stable month, with a tight range of 0.0205 MDL (High: 2.2728 / Low: 2.2523).

October Spread (Volatile) ±0.0800

May Spread (Stable) ±0.0205

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 0.0244 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.3564) against the same month in 2023 (average: 2.2544), the exchange rate shifted by +0.1019 (+4.52%).

2024 Avg (December) 2.3564

2023 Avg (December) 2.2544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2712	2.2136	2.2544
February	2.2884	2.2655	2.2759
March	2.2694	2.2421	2.2564
April	2.2870	2.2452	2.2635
May	2.2728	2.2523	2.2605
June	2.2905	2.2446	2.2687
July	2.2810	2.2493	2.2670
August	2.2714	2.2126	2.2425
September	2.2468	2.2163	2.2305
October	2.3150	2.2350	2.2758
November	2.3502	2.2852	2.3194
December	2.3784	2.3425	2.3564