2023 HKD to WST Historical Review

YEARLY HIGH

0.3595 WST

YEARLY LOW

0.3436 WST

YEARLY AVERAGE

0.3489 WST

2023 HKD to WST Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 0.3595. Conversely, the yearly low was recorded on March 18, dropping to 0.3436.

This high-to-low spread represents a total annual volatility of 0.0158 WST. From a start-to-finish perspective, comparing the January average rate of 0.3449 to the December average rate of 0.3585, the exchange rate registered a net change of 3.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3595 was down 0.83% compared to the 2022 peak of 0.3625, 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 8,987 WST

2022 Average 8,541 WST

Yearly Trough Low 8,591 WST

Transaction Impact: A difference of 395.88 WST purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3602

0.3423

JanuMarcMayJulySeptNove

HKD to WST 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 0.3459, compared to 0.3519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.3459

H2 Avg (Jul–Dec) 0.3519

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0110 WST (High: 0.3580 / Low: 0.3471). On the other end, April was the most stable month, with a tight range of 0.0001 WST (High: 0.3473 / Low: 0.3472).

October Spread (Volatile) ±0.0110

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0012 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.3587) against the same month in 2022 (average: 0.3579), the exchange rate shifted by +0.0007 (+0.21%).

2023 Avg (November) 0.3587

2022 Avg (November) 0.3579

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3457	0.3441	0.3449
February	0.3443	0.3436	0.3438
March	0.3472	0.3436	0.3438
April	0.3473	0.3472	0.3472
May	0.3487	0.3472	0.3478
June	0.3486	0.3475	0.3480
July	0.3494	0.3478	0.3485
August	0.3488	0.3464	0.3473
September	0.3478	0.3466	0.3472
October	0.3580	0.3471	0.3514
November	0.3595	0.3578	0.3587
December	0.3592	0.3581	0.3585