2023 HKD to TOP Historical Review

YEARLY HIGH

0.3082 TOP

YEARLY LOW

0.2946 TOP

YEARLY AVERAGE

0.3017 TOP

2023 HKD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on October 29, valuing the pair at 0.3082. Conversely, the yearly low was recorded on February 4, dropping to 0.2946.

This high-to-low spread represents a total annual volatility of 0.0136 TOP. From a start-to-finish perspective, comparing the January average rate of 0.2979 to the December average rate of 0.3009, the exchange rate registered a net change of 1.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3082 was down 1.57% compared to the 2022 peak of 0.3131, 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 7,705 TOP

2022 Average 7,441 TOP

Yearly Trough Low 7,365 TOP

Transaction Impact: A difference of 339.59 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3072

0.2970

JanuMarcMayJulySeptNove

HKD to TOP 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 0.2997, compared to 0.3037 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0040 points.

H1 Avg (Jan–Jun) 0.2997

H2 Avg (Jul–Dec) 0.3037

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0067 TOP (High: 0.3015 / Low: 0.2949). On the other end, September was the most stable month, with a tight range of 0.0020 TOP (High: 0.3060 / Low: 0.3039).

January Spread (Volatile) ±0.0067

September Spread (Stable) ±0.0020

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 November and December, when the average rate fell by 0.0044 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0044

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3064) against the same month in 2022 (average: 0.3102), the exchange rate shifted by -0.0039 (-1.25%).

2023 Avg (October) 0.3064

2022 Avg (October) 0.3102

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3015	0.2949	0.2979
February	0.3010	0.2946	0.2978
March	0.3025	0.2991	0.3005
April	0.3016	0.2985	0.2998
May	0.3041	0.2986	0.3010
June	0.3041	0.2989	0.3011
July	0.3023	0.2970	0.3004
August	0.3053	0.3016	0.3039
September	0.3060	0.3039	0.3054
October	0.3082	0.3047	0.3064
November	0.3075	0.3019	0.3053
December	0.3028	0.2984	0.3009