2023 HKD to YER Historical Review

YEARLY HIGH

32.1340 YER

YEARLY LOW

31.8686 YER

YEARLY AVERAGE

31.9727 YER

2023 HKD to YER Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to YER exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 32.1340. Conversely, the yearly low was recorded on February 7, dropping to 31.8686.

This high-to-low spread represents a total annual volatility of 0.2655 YER. From a start-to-finish perspective, comparing the January average rate of 32.0102 to the December average rate of 32.0414, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.1340 was down 0.29% compared to the 2022 peak of 32.2264, 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 803,351 YER

2022 Average 798,975 YER

Yearly Trough Low 796,714 YER

Transaction Impact: A difference of 6,636.88 YER purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.0841

31.8726

JanuMarcMayJulySeptNove

HKD to YER 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 31.9332, compared to 32.0122 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0790 points.

H1 Avg (Jan–Jun) 31.9332

H2 Avg (Jul–Dec) 32.0122

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.2323 YER (High: 32.1201 / Low: 31.8878). On the other end, April was the most stable month, with a tight range of 0.0216 YER (High: 31.9040 / Low: 31.8824).

August Spread (Volatile) ±0.2323

April Spread (Stable) ±0.0216

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1075 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1075

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 32.0665) against the same month in 2022 (average: 31.9598), the exchange rate shifted by +0.1067 (+0.33%).

2023 Avg (November) 32.0665

2022 Avg (November) 31.9598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.0790	31.9390	32.0102
February	31.9561	31.8686	31.9027
March	31.9152	31.8788	31.8902
April	31.9040	31.8824	31.8920
May	32.0230	31.8795	31.9416
June	32.0181	31.9189	31.9622
July	32.1092	31.9432	32.0212
August	32.1201	31.8878	31.9819
September	32.0307	31.9025	31.9715
October	32.0233	31.9652	31.9909
November	32.1340	31.9873	32.0665
December	32.1164	31.9712	32.0414