2023 SAR to HKD Historical Review

YEARLY HIGH

2.0936 HKD

YEARLY LOW

2.0745 HKD

YEARLY AVERAGE

2.0869 HKD

2023 SAR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 2.0936. Conversely, the yearly low was recorded on December 17, dropping to 2.0745.

This high-to-low spread represents a total annual volatility of 0.0191 HKD. From a start-to-finish perspective, comparing the January average rate of 2.0819 to the December average rate of 2.0820, the exchange rate registered a net change of 0.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0936 was down 0.00% compared to the 2022 peak of 2.0936, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,468 HKD

2022 Average 10,427 HKD

Yearly Trough Low 10,373 HKD

Transaction Impact: A difference of 95.33 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0937

2.0806

JanuMarcMayJulySeptNove

SAR 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 2.0891, compared to 2.0847 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 2.0891

H2 Avg (Jul–Dec) 2.0847

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0162 HKD (High: 2.0929 / Low: 2.0768). On the other end, April was the most stable month, with a tight range of 0.0015 HKD (High: 2.0930 / Low: 2.0915).

November Spread (Volatile) ±0.0162

April Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between July and September, 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 October and November, when the average rate fell by 0.0046 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.0917) against the same month in 2022 (average: 2.0788), the exchange rate shifted by +0.0129 (+0.62%).

2023 Avg (February) 2.0917

2022 Avg (February) 2.0788

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0889	2.0747	2.0819
February	2.0936	2.0886	2.0917
March	2.0920	2.0880	2.0904
April	2.0930	2.0915	2.0926
May	2.0932	2.0843	2.0897
June	2.0915	2.0842	2.0884
July	2.0893	2.0785	2.0842
August	2.0920	2.0774	2.0865
September	2.0921	2.0840	2.0877
October	2.0913	2.0841	2.0863
November	2.0929	2.0768	2.0817
December	2.0851	2.0745	2.0820