2023 MOP to HKD Historical Review

YEARLY HIGH

0.9846 HKD

YEARLY LOW

0.9620 HKD

YEARLY AVERAGE

0.9713 HKD

2023 MOP to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 0.9846. Conversely, the yearly low was recorded on February 5, dropping to 0.9620.

This high-to-low spread represents a total annual volatility of 0.0226 HKD. From a start-to-finish perspective, comparing the January average rate of 0.9709 to the December average rate of 0.9697, the exchange rate registered a net change of -0.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9846 was up 0.23% compared to the 2022 peak of 0.9824, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,923 HKD

2022 Average 4,854 HKD

Yearly Trough Low 4,810 HKD

Transaction Impact: A difference of 112.94 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9725

0.9695

JanuMarcMayJulySeptNove

MOP 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 0.9713, compared to 0.9712 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.9713

H2 Avg (Jul–Dec) 0.9712

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0148 HKD (High: 0.9846 / Low: 0.9699). On the other end, September was the most stable month, with a tight range of 0.0056 HKD (High: 0.9743 / Low: 0.9687).

March Spread (Volatile) ±0.0148

September Spread (Stable) ±0.0056

Growth Streaks & Declines

Trends

Between September and November, 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 November and December, when the average rate fell by 0.0022 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.9723) against the same month in 2022 (average: 0.9710), the exchange rate shifted by +0.0012 (+0.13%).

2023 Avg (March) 0.9723

2022 Avg (March) 0.9710

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9753	0.9696	0.9709
February	0.9764	0.9620	0.9708
March	0.9846	0.9699	0.9723
April	0.9838	0.9692	0.9718
May	0.9746	0.9680	0.9710
June	0.9769	0.9672	0.9710
July	0.9798	0.9690	0.9720
August	0.9780	0.9674	0.9711
September	0.9743	0.9687	0.9711
October	0.9752	0.9688	0.9715
November	0.9786	0.9701	0.9720
December	0.9717	0.9654	0.9697