2023 HKD to SGD Historical Review

YEARLY HIGH

0.1755 SGD

YEARLY LOW

0.1665 SGD

YEARLY AVERAGE

0.1715 SGD

2023 HKD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.1755. Conversely, the yearly low was recorded on February 1, dropping to 0.1665.

This high-to-low spread represents a total annual volatility of 0.0090 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1694 to the December average rate of 0.1705, the exchange rate registered a net change of 0.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1755 was down 4.23% compared to the 2022 peak of 0.1833, 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 4,388 SGD

2022 Average 4,401 SGD

Yearly Trough Low 4,163 SGD

Transaction Impact: A difference of 225.39 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1755

0.1688

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 0.1704, compared to 0.1726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.1704

H2 Avg (Jul–Dec) 0.1726

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0055 SGD (High: 0.1720 / Low: 0.1665). On the other end, October was the most stable month, with a tight range of 0.0014 SGD (High: 0.1755 / Low: 0.1741).

February Spread (Volatile) ±0.0055

October Spread (Stable) ±0.0014

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 October and November, 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 (September 2023: 0.1741) against the same month in 2022 (average: 0.1800), the exchange rate shifted by -0.0059 (-3.27%).

2023 Avg (September) 0.1741

2022 Avg (September) 0.1800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1722	0.1675	0.1694
February	0.1720	0.1665	0.1699
March	0.1726	0.1692	0.1708
April	0.1704	0.1684	0.1697
May	0.1730	0.1689	0.1710
June	0.1730	0.1709	0.1719
July	0.1730	0.1690	0.1708
August	0.1737	0.1712	0.1726
September	0.1755	0.1725	0.1741
October	0.1755	0.1741	0.1749
November	0.1747	0.1707	0.1727
December	0.1722	0.1690	0.1705