2023 HNL to CNY Historical Review

YEARLY HIGH

0.2980 CNY

YEARLY LOW

0.2720 CNY

YEARLY AVERAGE

0.2868 CNY

2023 HNL to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.2980. Conversely, the yearly low was recorded on January 13, dropping to 0.2720.

This high-to-low spread represents a total annual volatility of 0.0260 CNY. From a start-to-finish perspective, comparing the January average rate of 0.2753 to the December average rate of 0.2880, the exchange rate registered a net change of 4.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2980 was up 0.83% compared to the 2022 peak of 0.2956, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 HNL based on timing:

Yearly Peak High 1,490 CNY

2022 Average 1,367 CNY

Yearly Trough Low 1,360 CNY

Transaction Impact: A difference of 129.99 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2964

0.2734

JanuMarcMayJulySeptNove

HNL to CNY 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 0.2811, compared to 0.2925 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0114 points.

H1 Avg (Jan–Jun) 0.2811

H2 Avg (Jul–Dec) 0.2925

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0122 CNY (High: 0.2980 / Low: 0.2859). On the other end, September was the most stable month, with a tight range of 0.0040 CNY (High: 0.2965 / Low: 0.2925).

November Spread (Volatile) ±0.0122

September Spread (Stable) ±0.0040

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0040 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.2920) against the same month in 2022 (average: 0.2893), the exchange rate shifted by +0.0028 (+0.95%).

2023 Avg (November) 0.2920

2022 Avg (November) 0.2893

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2801	0.2720	0.2753
February	0.2823	0.2723	0.2776
March	0.2832	0.2768	0.2798
April	0.2841	0.2785	0.2801
May	0.2885	0.2799	0.2838
June	0.2937	0.2866	0.2899
July	0.2965	0.2886	0.2918
August	0.2966	0.2886	0.2941
September	0.2965	0.2925	0.2944
October	0.2970	0.2897	0.2945
November	0.2980	0.2859	0.2920
December	0.2910	0.2856	0.2880