2023 MDL to HKD Historical Review

YEARLY HIGH

0.4520 HKD

YEARLY LOW

0.4060 HKD

YEARLY AVERAGE

0.4328 HKD

2023 MDL to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 0.4520. Conversely, the yearly low was recorded on January 8, dropping to 0.4060.

This high-to-low spread represents a total annual volatility of 0.0459 HKD. From a start-to-finish perspective, comparing the January average rate of 0.4118 to the December average rate of 0.4436, the exchange rate registered a net change of 7.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4520 was up 2.92% compared to the 2022 peak of 0.4392, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,260 HKD

2022 Average 2,077 HKD

Yearly Trough Low 2,030 HKD

Transaction Impact: A difference of 229.64 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4468

0.4086

JanuMarcMayJulySeptNove

MDL 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 0.4276, compared to 0.4380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0104 points.

H1 Avg (Jan–Jun) 0.4276

H2 Avg (Jul–Dec) 0.4380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0255 HKD (High: 0.4520 / Low: 0.4264). On the other end, May was the most stable month, with a tight range of 0.0056 HKD (High: 0.4434 / Low: 0.4378).

July Spread (Volatile) ±0.0255

May Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between 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 0.0071 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4370) against the same month in 2022 (average: 0.4079), the exchange rate shifted by +0.0290 (+7.12%).

2023 Avg (July) 0.4370

2022 Avg (July) 0.4079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4184	0.4060	0.4118
February	0.4213	0.4147	0.4180
March	0.4289	0.4157	0.4219
April	0.4396	0.4288	0.4352
May	0.4434	0.4378	0.4411
June	0.4417	0.4282	0.4376
July	0.4520	0.4264	0.4370
August	0.4471	0.4391	0.4427
September	0.4412	0.4282	0.4356
October	0.4347	0.4286	0.4316
November	0.4420	0.4317	0.4374
December	0.4516	0.4355	0.4436