2021 HKD to SGD Historical Review

YEARLY HIGH

0.1761 SGD

YEARLY LOW

0.1699 SGD

YEARLY AVERAGE

0.1729 SGD

2021 HKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 0.1761. Conversely, the yearly low was recorded on January 6, dropping to 0.1699.

This high-to-low spread represents a total annual volatility of 0.0061 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1710 to the December average rate of 0.1748, the exchange rate registered a net change of 2.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.1761 was down 6.27% compared to the 2020 peak of 0.1878, 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 4,401 SGD

2020 Average 4,446 SGD

Yearly Trough Low 4,248 SGD

Transaction Impact: A difference of 153.06 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.1752

0.1707

JanuMarcMayJulySeptNove

HKD to SGD 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 0.1717, compared to 0.1741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.1717

H2 Avg (Jul–Dec) 0.1741

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.0031 SGD (High: 0.1761 / Low: 0.1730). On the other end, October was the most stable month, with a tight range of 0.0017 SGD (High: 0.1745 / Low: 0.1728).

December Spread (Volatile) ±0.0031

October Spread (Stable) ±0.0017

Growth Streaks & Declines

Trends

Between September and December, 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 March and April, when the average rate fell by 0.0011 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 0.1748) against the same month in 2020 (average: 0.1718), the exchange rate shifted by +0.0030 (+1.74%).

2021 Avg (December) 0.1748

2020 Avg (December) 0.1718

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1718	0.1699	0.1710
February	0.1724	0.1701	0.1713
March	0.1738	0.1712	0.1729
April	0.1731	0.1706	0.1718
May	0.1720	0.1702	0.1712
June	0.1733	0.1704	0.1719
July	0.1758	0.1732	0.1744
August	0.1752	0.1728	0.1741
September	0.1749	0.1723	0.1732
October	0.1745	0.1728	0.1737
November	0.1758	0.1730	0.1743
December	0.1761	0.1730	0.1748