2023 HKD to SDG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HKD to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HKD to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on August 1, valuing the pair at 77.1729. Conversely, the yearly low was recorded on November 20, dropping to 70.0669.
This high-to-low spread represents a total annual volatility of 7.1060 SDG. From a start-to-finish perspective, comparing the January average rate of 73.7635 to the December average rate of 76.9573, the exchange rate registered a net change of 4.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 77.1729 was up 4.61% compared to the 2022 peak of 73.7730, indicating shifts in long-term support levels.
Comparing the value generated converting 25,000 HKD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HKD to SDG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 75.5041, compared to 76.8231 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.3190 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 7.0907 SDG (High: 77.1576 / Low: 70.0669). On the other end, December was the most stable month, with a tight range of 0.2277 SDG (High: 77.0922 / Low: 76.8645).
Growth Streaks & Declines
TrendsBetween January and July, 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 October and November, when the average rate fell by 0.1135 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 76.8329) against the same month in 2022 (average: 70.9591), the exchange rate shifted by +5.8737 (+8.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 74.5127 | 72.6709 | 73.7635 |
| February | 75.1429 | 74.3516 | 74.6263 |
| March | 75.8604 | 72.4622 | 75.1332 |
| April | 76.4993 | 72.9346 | 76.1685 |
| May | 76.8855 | 76.2425 | 76.5723 |
| June | 76.9432 | 76.6037 | 76.7610 |
| July | 77.1467 | 76.7074 | 76.8888 |
| August | 77.1729 | 76.6499 | 76.8329 |
| September | 76.9505 | 76.6473 | 76.7889 |
| October | 76.8764 | 76.6093 | 76.7921 |
| November | 77.1576 | 70.0669 | 76.6786 |
| December | 77.0922 | 76.8645 | 76.9573 |