2023 HNL to MOP Historical Review

YEARLY HIGH

0.3308 MOP

YEARLY LOW

0.3227 MOP

YEARLY AVERAGE

0.3269 MOP

2023 HNL to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 0.3308. Conversely, the yearly low was recorded on July 12, dropping to 0.3227.

This high-to-low spread represents a total annual volatility of 0.0081 MOP. From a start-to-finish perspective, comparing the January average rate of 0.3265 to the December average rate of 0.3259, the exchange rate registered a net change of -0.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3308 was down 0.68% compared to the 2022 peak of 0.3331, 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 1,654 MOP

2022 Average 1,639 MOP

Yearly Trough Low 1,614 MOP

Transaction Impact: A difference of 40.61 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3289

0.3252

JanuMarcMayJulySeptNove

HNL to MOP 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 0.3276, compared to 0.3262 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.3276

H2 Avg (Jul–Dec) 0.3262

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0074 MOP (High: 0.3301 / Low: 0.3227). On the other end, March was the most stable month, with a tight range of 0.0015 MOP (High: 0.3281 / Low: 0.3265).

July Spread (Volatile) ±0.0074

March Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0019 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.3279) against the same month in 2022 (average: 0.3267), the exchange rate shifted by +0.0012 (+0.37%).

2023 Avg (February) 0.3279

2022 Avg (February) 0.3267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3274	0.3251	0.3265
February	0.3308	0.3248	0.3279
March	0.3281	0.3265	0.3277
April	0.3293	0.3274	0.3285
May	0.3289	0.3267	0.3277
June	0.3296	0.3257	0.3269
July	0.3301	0.3227	0.3266
August	0.3296	0.3246	0.3274
September	0.3282	0.3233	0.3255
October	0.3273	0.3238	0.3261
November	0.3289	0.3242	0.3255
December	0.3274	0.3249	0.3259