2023 HKD to NPR Historical Review

YEARLY HIGH

17.1258 NPR

YEARLY LOW

16.4542 NPR

YEARLY AVERAGE

16.8699 NPR

2023 HKD to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 17.1258. Conversely, the yearly low was recorded on April 30, dropping to 16.4542.

This high-to-low spread represents a total annual volatility of 0.6716 NPR. From a start-to-finish perspective, comparing the January average rate of 16.7412 to the December average rate of 17.0706, the exchange rate registered a net change of 1.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 17.1258 was up 0.26% compared to the 2022 peak of 17.0817, 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 428,145 NPR

2022 Average 401,376 NPR

Yearly Trough Low 411,355 NPR

Transaction Impact: A difference of 16,789.47 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

17.1084

16.6553

JanuMarcMayJulySeptNove

HKD to NPR 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 16.7703, compared to 16.9695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1992 points.

H1 Avg (Jan–Jun) 16.7703

H2 Avg (Jul–Dec) 16.9695

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.4106 NPR (High: 16.9821 / Low: 16.5714). On the other end, December was the most stable month, with a tight range of 0.1026 NPR (High: 17.1258 / Low: 17.0232).

January Spread (Volatile) ±0.4106

December Spread (Stable) ±0.1026

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0824 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0824

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 17.0706) against the same month in 2022 (average: 16.9367), the exchange rate shifted by +0.1340 (+0.79%).

2023 Avg (December) 17.0706

2022 Avg (December) 16.9367

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.9821	16.5714	16.7412
February	16.9224	16.6831	16.8408
March	16.8900	16.5972	16.7584
April	16.7920	16.4542	16.6931
May	16.9286	16.6409	16.7990
June	16.8842	16.6473	16.7895
July	16.9326	16.6355	16.8035
August	17.0526	16.8348	16.9287
September	17.0394	16.8793	16.9617
October	17.0449	16.9268	17.0013
November	17.1255	16.8792	17.0513
December	17.1258	17.0232	17.0706