2023 HKD to TRY Historical Review

YEARLY HIGH

3.7836 TRY

YEARLY LOW

2.3942 TRY

YEARLY AVERAGE

3.0398 TRY

2023 HKD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 3.7836. Conversely, the yearly low was recorded on January 21, dropping to 2.3942.

This high-to-low spread represents a total annual volatility of 1.3894 TRY. From a start-to-finish perspective, comparing the January average rate of 2.4016 to the December average rate of 3.7263, the exchange rate registered a net change of 55.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.7836 was up 57.59% compared to the 2022 peak of 2.4009, 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 94,590 TRY

2022 Average 52,915 TRY

Yearly Trough Low 59,855 TRY

Transaction Impact: A difference of 34,734.85 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.8587

2.2691

JanuMarcMayJulySeptNove

HKD to TRY 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 2.5400, compared to 3.5396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9996 points.

H1 Avg (Jan–Jun) 2.5400

H2 Avg (Jul–Dec) 3.5396

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.6630 TRY (High: 3.3318 / Low: 2.6688). On the other end, February was the most stable month, with a tight range of 0.0107 TRY (High: 2.4087 / Low: 2.3980).

June Spread (Volatile) ±0.6630

February Spread (Stable) ±0.0107

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 3.7263) against the same month in 2022 (average: 2.3946), the exchange rate shifted by +1.3317 (+55.61%).

2023 Avg (December) 3.7263

2022 Avg (December) 2.3946

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4068	2.3942	2.4016
February	2.4087	2.3980	2.4021
March	2.4434	2.3984	2.4208
April	2.4782	2.4431	2.4643
May	2.6507	2.4793	2.5230
June	3.3318	2.6688	3.0280
July	3.4554	3.2850	3.3867
August	3.4839	3.3043	3.4393
September	3.5076	3.4039	3.4497
October	3.6177	3.5070	3.5640
November	3.7120	3.6214	3.6717
December	3.7836	3.6987	3.7263