2023 INR to HKD Historical Review

YEARLY HIGH

0.0968 HKD

YEARLY LOW

0.0934 HKD

YEARLY AVERAGE

0.0948 HKD

2023 INR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.0968. Conversely, the yearly low was recorded on November 27, dropping to 0.0934.

This high-to-low spread represents a total annual volatility of 0.0033 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0957 to the December average rate of 0.0938, the exchange rate registered a net change of -1.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0968 was down 8.39% compared to the 2022 peak of 0.1056, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 24,188 HKD

2022 Average 24,935 HKD

Yearly Trough Low 23,360 HKD

Transaction Impact: A difference of 828.92 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0960

0.0936

JanuMarcMayJulySeptNove

INR to HKD 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 0.0954, compared to 0.0942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0954

H2 Avg (Jul–Dec) 0.0942

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0025 HKD (High: 0.0968 / Low: 0.0943). On the other end, October was the most stable month, with a tight range of 0.0006 HKD (High: 0.0943 / Low: 0.0938).

January Spread (Volatile) ±0.0025

October Spread (Stable) ±0.0006

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 January and February, when the average rate fell by 0.0007 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0957) against the same month in 2022 (average: 0.1047), the exchange rate shifted by -0.0090 (-8.56%).

2023 Avg (January) 0.0957

2022 Avg (January) 0.1047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0968	0.0943	0.0957
February	0.0959	0.0946	0.0950
March	0.0961	0.0949	0.0954
April	0.0961	0.0953	0.0958
May	0.0960	0.0943	0.0952
June	0.0956	0.0949	0.0953
July	0.0956	0.0945	0.0951
August	0.0951	0.0939	0.0945
September	0.0948	0.0939	0.0943
October	0.0943	0.0938	0.0940
November	0.0941	0.0934	0.0938
December	0.0942	0.0936	0.0938