2023 NPR to HKD Historical Review

YEARLY HIGH

0.0608 HKD

YEARLY LOW

0.0584 HKD

YEARLY AVERAGE

0.0593 HKD

2023 NPR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.0608. Conversely, the yearly low was recorded on December 28, dropping to 0.0584.

This high-to-low spread represents a total annual volatility of 0.0024 HKD. From a start-to-finish perspective, comparing the January average rate of 0.0597 to the December average rate of 0.0586, the exchange rate registered a net change of -1.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0608 was down 7.84% compared to the 2022 peak of 0.0659, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 304 HKD

2022 Average 312 HKD

Yearly Trough Low 292 HKD

Transaction Impact: A difference of 11.92 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0600

0.0584

JanuMarcMayJulySeptNove

NPR 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 0.0596, compared to 0.0589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0596

H2 Avg (Jul–Dec) 0.0589

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0015 HKD (High: 0.0603 / Low: 0.0589). On the other end, December was the most stable month, with a tight range of 0.0004 HKD (High: 0.0587 / Low: 0.0584).

January Spread (Volatile) ±0.0015

December Spread (Stable) ±0.0004

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 July and August, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.0599) against the same month in 2022 (average: 0.0643), the exchange rate shifted by -0.0044 (-6.84%).

2023 Avg (April) 0.0599

2022 Avg (April) 0.0643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0603	0.0589	0.0597
February	0.0599	0.0591	0.0594
March	0.0603	0.0592	0.0597
April	0.0608	0.0596	0.0599
May	0.0601	0.0591	0.0595
June	0.0601	0.0592	0.0596
July	0.0601	0.0591	0.0595
August	0.0594	0.0586	0.0591
September	0.0592	0.0587	0.0590
October	0.0591	0.0587	0.0588
November	0.0592	0.0584	0.0586
December	0.0587	0.0584	0.0586