2023 HKD to MXN Historical Review

YEARLY HIGH

2.4988 MXN

YEARLY LOW

2.1335 MXN

YEARLY AVERAGE

2.2654 MXN

2023 HKD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.4988. Conversely, the yearly low was recorded on August 27, dropping to 2.1335.

This high-to-low spread represents a total annual volatility of 0.3653 MXN. From a start-to-finish perspective, comparing the January average rate of 2.4251 to the December average rate of 2.1981, the exchange rate registered a net change of -9.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4988 was down 8.56% compared to the 2022 peak of 2.7327, 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 62,470 MXN

2022 Average 64,194 MXN

Yearly Trough Low 53,338 MXN

Transaction Impact: A difference of 9,132.43 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4512

2.1383

JanuMarcMayJulySeptNove

HKD to MXN 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 2.3176, compared to 2.2132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1044 points.

H1 Avg (Jan–Jun) 2.3176

H2 Avg (Jul–Dec) 2.2132

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1336 MXN (High: 2.4214 / Low: 2.2879). On the other end, April was the most stable month, with a tight range of 0.0421 MXN (High: 2.3327 / Low: 2.2907).

March Spread (Volatile) ±0.1336

April Spread (Stable) ±0.0421

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0856 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0856

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.4251) against the same month in 2022 (average: 2.6312), the exchange rate shifted by -0.2061 (-7.83%).

2023 Avg (January) 2.4251

2022 Avg (January) 2.6312

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4988	2.3862	2.4251
February	2.4430	2.3320	2.3699
March	2.4214	2.2879	2.3451
April	2.3327	2.2907	2.3018
May	2.2929	2.2260	2.2621
June	2.2413	2.1814	2.2018
July	2.2035	2.1397	2.1644
August	2.2203	2.1335	2.1704
September	2.2616	2.1789	2.2091
October	2.3452	2.2231	2.3114
November	2.2786	2.1956	2.2258
December	2.2371	2.1671	2.1981