2023 HKD to MOP Historical Review

YEARLY HIGH

1.0394 MOP

YEARLY LOW

1.0156 MOP

YEARLY AVERAGE

1.0296 MOP

2023 HKD to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 1.0394. Conversely, the yearly low was recorded on March 18, dropping to 1.0156.

This high-to-low spread represents a total annual volatility of 0.0238 MOP. From a start-to-finish perspective, comparing the January average rate of 1.0299 to the December average rate of 1.0312, the exchange rate registered a net change of 0.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0394 was down 0.04% compared to the 2022 peak of 1.0399, 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 25,986 MOP

2022 Average 25,750 MOP

Yearly Trough Low 25,390 MOP

Transaction Impact: A difference of 596.11 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0315

1.0283

JanuMarcMayJulySeptNove

HKD to MOP 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 1.0296, compared to 1.0296 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 1.0296

H2 Avg (Jul–Dec) 1.0296

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0154 MOP (High: 1.0311 / Low: 1.0156). On the other end, September was the most stable month, with a tight range of 0.0059 MOP (High: 1.0323 / Low: 1.0263).

March Spread (Volatile) ±0.0154

September Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.0301) against the same month in 2022 (average: 1.0299), the exchange rate shifted by +0.0002 (+0.02%).

2023 Avg (February) 1.0301

2022 Avg (February) 1.0299

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0314	1.0253	1.0299
February	1.0394	1.0242	1.0301
March	1.0311	1.0156	1.0285
April	1.0317	1.0165	1.0290
May	1.0331	1.0261	1.0298
June	1.0339	1.0236	1.0299
July	1.0320	1.0206	1.0288
August	1.0337	1.0225	1.0298
September	1.0323	1.0263	1.0298
October	1.0322	1.0255	1.0294
November	1.0309	1.0219	1.0289
December	1.0359	1.0291	1.0312