2023 HKD to PEN Historical Review

YEARLY HIGH

0.4984 PEN

YEARLY LOW

0.4554 PEN

YEARLY AVERAGE

0.4777 PEN

2023 HKD to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.4984. Conversely, the yearly low was recorded on July 17, dropping to 0.4554.

This high-to-low spread represents a total annual volatility of 0.0430 PEN. From a start-to-finish perspective, comparing the January average rate of 0.4889 to the December average rate of 0.4784, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4984 was down 2.64% compared to the 2022 peak of 0.5119, 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 12,460 PEN

2022 Average 12,238 PEN

Yearly Trough Low 11,385 PEN

Transaction Impact: A difference of 1,074.57 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4936

0.4573

JanuMarcMayJulySeptNove

HKD to PEN 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 0.4789, compared to 0.4766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.4789

H2 Avg (Jul–Dec) 0.4766

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0167 PEN (High: 0.4984 / Low: 0.4817). On the other end, May was the most stable month, with a tight range of 0.0082 PEN (High: 0.4730 / Low: 0.4649).

January Spread (Volatile) ±0.0167

May Spread (Stable) ±0.0082

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 April and May, when the average rate fell by 0.0086 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0086

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4889) against the same month in 2022 (average: 0.4997), the exchange rate shifted by -0.0108 (-2.16%).

2023 Avg (January) 0.4889

2022 Avg (January) 0.4997

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4984	0.4817	0.4889
February	0.4962	0.4844	0.4891
March	0.4849	0.4760	0.4812
April	0.4822	0.4689	0.4786
May	0.4730	0.4649	0.4700
June	0.4719	0.4607	0.4655
July	0.4652	0.4554	0.4603
August	0.4763	0.4627	0.4717
September	0.4850	0.4709	0.4756
October	0.4956	0.4844	0.4906
November	0.4936	0.4776	0.4830
December	0.4850	0.4726	0.4784