2023 HNL to SAR Historical Review

YEARLY HIGH

0.1545 SAR

YEARLY LOW

0.1503 SAR

YEARLY AVERAGE

0.1521 SAR

2023 HNL to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HNL to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.1545. Conversely, the yearly low was recorded on September 9, dropping to 0.1503.

This high-to-low spread represents a total annual volatility of 0.0041 SAR. From a start-to-finish perspective, comparing the January average rate of 0.1523 to the December average rate of 0.1518, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1545 was up 0.11% compared to the 2022 peak of 0.1543, 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 772 SAR

2022 Average 763 SAR

Yearly Trough Low 752 SAR

Transaction Impact: A difference of 20.67 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1527

0.1513

JanuMarcMayJulySeptNove

HNL to SAR 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 0.1523, compared to 0.1520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.1523

H2 Avg (Jul–Dec) 0.1520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0029 SAR (High: 0.1537 / Low: 0.1508). On the other end, January was the most stable month, with a tight range of 0.0007 SAR (High: 0.1527 / Low: 0.1520).

August Spread (Volatile) ±0.0029

January Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0010 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1524) against the same month in 2022 (average: 0.1531), the exchange rate shifted by -0.0007 (-0.43%).

2023 Avg (March) 0.1524

2022 Avg (March) 0.1531

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1527	0.1520	0.1523
February	0.1534	0.1508	0.1522
March	0.1545	0.1521	0.1524
April	0.1542	0.1522	0.1526
May	0.1531	0.1520	0.1523
June	0.1533	0.1515	0.1520
July	0.1535	0.1515	0.1523
August	0.1537	0.1508	0.1524
September	0.1525	0.1503	0.1514
October	0.1528	0.1510	0.1518
November	0.1532	0.1514	0.1520
December	0.1521	0.1513	0.1518