2023 HKD to NZD Historical Review

YEARLY HIGH

0.2207 NZD

YEARLY LOW

0.1958 NZD

YEARLY AVERAGE

0.2081 NZD

2023 HKD to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.2207. Conversely, the yearly low was recorded on February 1, dropping to 0.1958.

This high-to-low spread represents a total annual volatility of 0.0249 NZD. From a start-to-finish perspective, comparing the January average rate of 0.1997 to the December average rate of 0.2056, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2207 was down 3.62% compared to the 2022 peak of 0.2290, 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 5,518 NZD

2022 Average 5,036 NZD

Yearly Trough Low 4,895 NZD

Transaction Impact: A difference of 623.23 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2185

0.1979

JanuMarcMayJulySeptNove

HKD to NZD 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 0.2045, compared to 0.2117 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.2045

H2 Avg (Jul–Dec) 0.2117

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0116 NZD (High: 0.2120 / Low: 0.2004). On the other end, September was the most stable month, with a tight range of 0.0042 NZD (High: 0.2172 / Low: 0.2130).

May Spread (Volatile) ±0.0116

September Spread (Stable) ±0.0042

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 November and December, when the average rate fell by 0.0080 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2168) against the same month in 2022 (average: 0.2240), the exchange rate shifted by -0.0072 (-3.21%).

2023 Avg (October) 0.2168

2022 Avg (October) 0.2240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2055	0.1966	0.1997
February	0.2071	0.1958	0.2029
March	0.2088	0.2031	0.2053
April	0.2081	0.2016	0.2052
May	0.2120	0.2004	0.2056
June	0.2111	0.2050	0.2081
July	0.2082	0.2000	0.2056
August	0.2160	0.2090	0.2134
September	0.2172	0.2130	0.2154
October	0.2207	0.2117	0.2168
November	0.2177	0.2080	0.2136
December	0.2092	0.2017	0.2056