2024 HKD to ZAR Historical Review

YEARLY HIGH

2.4679 ZAR

YEARLY LOW

2.2000 ZAR

YEARLY AVERAGE

2.3494 ZAR

2024 HKD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the HKD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 2.4679. Conversely, the yearly low was recorded on September 29, dropping to 2.2000.

This high-to-low spread represents a total annual volatility of 0.2679 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.3989 to the December average rate of 2.3468, the exchange rate registered a net change of -2.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.4679 was down 2.26% compared to the 2023 peak of 2.5249, 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 61,697 ZAR

2023 Average 58,926 ZAR

Yearly Trough Low 54,999 ZAR

Transaction Impact: A difference of 6,697.53 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.4492

2.2409

JanuMarcMayJulySeptNove

HKD to ZAR 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 2.3944, compared to 2.3044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0901 points.

H1 Avg (Jan–Jun) 2.3944

H2 Avg (Jul–Dec) 2.3044

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.1563 ZAR (High: 2.4332 / Low: 2.2769). On the other end, October was the most stable month, with a tight range of 0.0544 ZAR (High: 2.2899 / Low: 2.2355).

December Spread (Volatile) ±0.1563

October Spread (Stable) ±0.0544

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0587 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0587

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 2.4318) against the same month in 2023 (average: 2.2844), the exchange rate shifted by +0.1475 (+6.46%).

2024 Avg (February) 2.4318

2023 Avg (February) 2.2844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4571	2.3402	2.3989
February	2.4679	2.3760	2.4318
March	2.4381	2.3734	2.4103
April	2.4638	2.3564	2.4117
May	2.4040	2.3143	2.3569
June	2.4287	2.2974	2.3569
July	2.3812	2.2994	2.3341
August	2.4019	2.2716	2.3169
September	2.3032	2.2000	2.2582
October	2.2899	2.2355	2.2616
November	2.3495	2.2268	2.3084
December	2.4332	2.2769	2.3468