2024 HKD to MXN Historical Review

YEARLY HIGH

2.6867 MXN

YEARLY LOW

2.0849 MXN

YEARLY AVERAGE

2.3481 MXN

2024 HKD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.6867. Conversely, the yearly low was recorded on April 8, dropping to 2.0849.

This high-to-low spread represents a total annual volatility of 0.6018 MXN. From a start-to-finish perspective, comparing the January average rate of 2.1822 to the December average rate of 2.6054, the exchange rate registered a net change of 19.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.6867 was up 7.52% compared to the 2023 peak of 2.4988, 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 67,167 MXN

2023 Average 56,623 MXN

Yearly Trough Low 52,122 MXN

Transaction Impact: A difference of 15,044.44 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.6590

2.0965

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 2.1895, compared to 2.5067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3173 points.

H1 Avg (Jan–Jun) 2.1895

H2 Avg (Jul–Dec) 2.5067

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.2318 MXN (High: 2.4026 / Low: 2.1708). On the other end, February was the most stable month, with a tight range of 0.0222 MXN (High: 2.2002 / Low: 2.1780).

June Spread (Volatile) ±0.2318

February Spread (Stable) ±0.0222

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0417 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0417

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.6054) against the same month in 2023 (average: 2.1981), the exchange rate shifted by +0.4072 (+18.53%).

2024 Avg (December) 2.6054

2023 Avg (December) 2.1981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2129	2.1567	2.1822
February	2.2002	2.1780	2.1850
March	2.1735	2.1159	2.1433
April	2.1979	2.0849	2.1468
May	2.1788	2.1229	2.1506
June	2.4026	2.1708	2.3287
July	2.4026	2.2567	2.3182
August	2.5456	2.3899	2.4566
September	2.5772	2.4537	2.5154
October	2.5949	2.4814	2.5326
November	2.6556	2.5487	2.6121
December	2.6867	2.5810	2.6054