2023 HKD to STD Historical Review

YEARLY HIGH

2925.6088 STD

YEARLY LOW

2839.5491 STD

YEARLY AVERAGE

2885.6104 STD

2023 HKD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 2925.6088. Conversely, the yearly low was recorded on August 29, dropping to 2839.5491.

This high-to-low spread represents a total annual volatility of 86.0596 STD. From a start-to-finish perspective, comparing the January average rate of 2918.5914 to the December average rate of 2853.1550, the exchange rate registered a net change of -2.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2925.6088 was down 2.94% compared to the 2022 peak of 3014.3722, 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 73,140,219 STD

2022 Average 70,781,591 STD

Yearly Trough Low 70,988,728 STD

Transaction Impact: A difference of 2,151,491.03 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2925.8856

2838.3550

JanuMarcMayJulySeptNove

HKD to STD 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 2911.5454, compared to 2859.6754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 51.8700 points.

H1 Avg (Jan–Jun) 2911.5454

H2 Avg (Jul–Dec) 2859.6754

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 68.9128 STD (High: 2925.6088 / Low: 2856.6960). On the other end, April was the most stable month, with a tight range of 1.1016 STD (High: 2908.6348 / Low: 2907.5332).

July Spread (Volatile) ±68.9128

April Spread (Stable) ±1.1016

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 63.7195 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -63.7195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2910.6583) against the same month in 2022 (average: 2838.4022), the exchange rate shifted by +72.2561 (+2.55%).

2023 Avg (July) 2910.6583

2022 Avg (July) 2838.4022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2925.1738	2911.2418	2918.5914
February	2913.3823	2907.5332	2908.6441
March	2910.2377	2907.4962	2907.9171
April	2908.6348	2907.5332	2907.7079
May	2920.0692	2907.5332	2912.3363
June	2919.6209	2909.9902	2914.0756
July	2925.6088	2856.6960	2910.6583
August	2858.7734	2839.5491	2846.9388
September	2850.5325	2840.5989	2845.6492
October	2850.1576	2844.7333	2847.4157
November	2860.5835	2847.3142	2854.2354
December	2858.1577	2849.7151	2853.1550