2023 HKD to SYP Historical Review

YEARLY HIGH

322.5638 SYP

YEARLY LOW

320.0655 SYP

YEARLY AVERAGE

320.9189 SYP

2023 HKD to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 322.5638. Conversely, the yearly low was recorded on March 18, dropping to 320.0655.

This high-to-low spread represents a total annual volatility of 2.4983 SYP. From a start-to-finish perspective, comparing the January average rate of 321.2869 to the December average rate of 321.7261, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 322.5638 was down 0.26% compared to the 2022 peak of 323.3942, 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 8,064,095 SYP

2022 Average 8,021,044 SYP

Yearly Trough Low 8,001,637 SYP

Transaction Impact: A difference of 62,457.81 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

322.0239

319.9129

JanuMarcMayJulySeptNove

HKD to SYP 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 320.5112, compared to 321.3265 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8153 points.

H1 Avg (Jan–Jun) 320.5112

H2 Avg (Jul–Dec) 321.3265

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 2.1678 SYP (High: 322.3597 / Low: 320.1919). On the other end, April was the most stable month, with a tight range of 0.1213 SYP (High: 320.1908 / Low: 320.0696).

August Spread (Volatile) ±2.1678

April Spread (Stable) ±0.1213

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 1.0950 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0950

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 321.8480) against the same month in 2022 (average: 320.8900), the exchange rate shifted by +0.9579 (+0.30%).

2023 Avg (November) 321.8480

2022 Avg (November) 320.8900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	322.0115	320.4778	321.2869
February	320.7134	320.0696	320.1918
March	320.3673	320.0655	320.1118
April	320.1908	320.0696	320.0888
May	321.4495	320.0696	320.5983
June	321.4002	320.3400	320.7898
July	322.2502	320.5841	321.4011
August	322.3597	320.1919	321.0252
September	321.4304	320.3103	320.8798
October	321.3882	320.7765	321.0790
November	322.5638	321.0675	321.8480
December	322.2903	321.3383	321.7261