2024 HKD to NAD Historical Review

YEARLY HIGH

2.4695 NAD

YEARLY LOW

2.2096 NAD

YEARLY AVERAGE

2.3487 NAD

2024 HKD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 26, valuing the pair at 2.4695. Conversely, the yearly low was recorded on September 29, dropping to 2.2096.

This high-to-low spread represents a total annual volatility of 0.2599 NAD. From a start-to-finish perspective, comparing the January average rate of 2.4034 to the December average rate of 2.3447, the exchange rate registered a net change of -2.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4695 was down 4.40% compared to the 2023 peak of 2.5830, 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 61,736 NAD

2023 Average 59,085 NAD

Yearly Trough Low 55,240 NAD

Transaction Impact: A difference of 6,496.38 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4423

2.2448

JanuMarcMayJulySeptNove

HKD to NAD 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 2.3941, compared to 2.3034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0906 points.

H1 Avg (Jan–Jun) 2.3941

H2 Avg (Jul–Dec) 2.3034

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1571 NAD (High: 2.4283 / Low: 2.2712). On the other end, October was the most stable month, with a tight range of 0.0564 NAD (High: 2.2812 / Low: 2.2248).

December Spread (Volatile) ±0.1571

October Spread (Stable) ±0.0564

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 April and May, when the average rate fell by 0.0584 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0584

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.4259) against the same month in 2023 (average: 2.2787), the exchange rate shifted by +0.1472 (+6.46%).

2024 Avg (February) 2.4259

2023 Avg (February) 2.2787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4526	2.3701	2.4034
February	2.4695	2.3780	2.4259
March	2.4406	2.3750	2.4099
April	2.4519	2.3614	2.4120
May	2.3822	2.3179	2.3536
June	2.4371	2.2915	2.3595
July	2.3648	2.2990	2.3351
August	2.3832	2.2620	2.3129
September	2.3048	2.2096	2.2612
October	2.2812	2.2248	2.2621
November	2.3453	2.2426	2.3046
December	2.4283	2.2712	2.3447