2023 HNL to SDG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HNL to SDG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HNL to SDG exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 24.6422. Conversely, the yearly low was recorded on November 20, dropping to 22.0874.
This high-to-low spread represents a total annual volatility of 2.5548 SDG. From a start-to-finish perspective, comparing the January average rate of 23.3868 to the December average rate of 24.3193, the exchange rate registered a net change of 3.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 24.6422 was up 3.74% compared to the 2022 peak of 23.7545, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HNL to SDG Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.0220, compared to 24.3357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3137 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 2.4291 SDG (High: 24.5165 / Low: 22.0874). On the other end, December was the most stable month, with a tight range of 0.1332 SDG (High: 24.3739 / Low: 24.2406).
Growth Streaks & Declines
TrendsBetween January and May, 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 August and September, when the average rate fell by 0.1541 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 24.4263) against the same month in 2022 (average: 22.5588), the exchange rate shifted by +1.8674 (+8.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.6589 | 23.0601 | 23.3868 |
| February | 23.9465 | 23.4502 | 23.7545 |
| March | 24.4049 | 23.0425 | 23.9421 |
| April | 24.6386 | 23.2536 | 24.3192 |
| May | 24.4969 | 24.2504 | 24.3670 |
| June | 24.5831 | 24.2675 | 24.3623 |
| July | 24.5929 | 24.2626 | 24.4074 |
| August | 24.6422 | 24.1533 | 24.4263 |
| September | 24.4381 | 24.0882 | 24.2722 |
| October | 24.4983 | 24.1750 | 24.3279 |
| November | 24.5165 | 22.0874 | 24.2613 |
| December | 24.3739 | 24.2406 | 24.3193 |