2023 HKD to SAR Historical Review

YEARLY HIGH

0.4820 SAR

YEARLY LOW

0.4776 SAR

YEARLY AVERAGE

0.4792 SAR

2023 HKD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.4820. Conversely, the yearly low was recorded on February 18, dropping to 0.4776.

This high-to-low spread represents a total annual volatility of 0.0044 SAR. From a start-to-finish perspective, comparing the January average rate of 0.4803 to the December average rate of 0.4803, the exchange rate registered a net change of -0.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4820 was down 0.36% compared to the 2022 peak of 0.4838, 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 12,051 SAR

2022 Average 11,988 SAR

Yearly Trough Low 11,941 SAR

Transaction Impact: A difference of 109.74 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4806

0.4776

JanuMarcMayJulySeptNove

HKD to SAR 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 0.4787, compared to 0.4797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.4787

H2 Avg (Jul–Dec) 0.4797

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0037 SAR (High: 0.4815 / Low: 0.4778). On the other end, April was the most stable month, with a tight range of 0.0003 SAR (High: 0.4781 / Low: 0.4778).

November Spread (Volatile) ±0.0037

April Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0022 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.4803) against the same month in 2022 (average: 0.4827), the exchange rate shifted by -0.0024 (-0.50%).

2023 Avg (December) 0.4803

2022 Avg (December) 0.4827

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4820	0.4787	0.4803
February	0.4788	0.4776	0.4781
March	0.4789	0.4780	0.4784
April	0.4781	0.4778	0.4779
May	0.4798	0.4777	0.4785
June	0.4798	0.4781	0.4788
July	0.4811	0.4786	0.4798
August	0.4814	0.4780	0.4793
September	0.4799	0.4780	0.4790
October	0.4798	0.4782	0.4793
November	0.4815	0.4778	0.4804
December	0.4820	0.4796	0.4803