2024 SAR to HKD Historical Review

YEARLY HIGH

2.0915 HKD

YEARLY LOW

2.0664 HKD

YEARLY AVERAGE

2.0796 HKD

2024 SAR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SAR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 2.0915. Conversely, the yearly low was recorded on December 28, dropping to 2.0664.

This high-to-low spread represents a total annual volatility of 0.0251 HKD. From a start-to-finish perspective, comparing the January average rate of 2.0843 to the December average rate of 2.0693, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0915 was down 0.10% compared to the 2023 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 10,457 HKD

2023 Average 10,434 HKD

Yearly Trough Low 10,332 HKD

Transaction Impact: A difference of 125.45 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0897

2.0671

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 2.0848, compared to 2.0744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0104 points.

H1 Avg (Jan–Jun) 2.0848

H2 Avg (Jul–Dec) 2.0744

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0106 HKD (High: 2.0851 / Low: 2.0745). On the other end, July was the most stable month, with a tight range of 0.0024 HKD (High: 2.0833 / Low: 2.0809).

August Spread (Volatile) ±0.0106

July Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0074 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0074

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.0878) against the same month in 2023 (average: 2.0926), the exchange rate shifted by -0.0047 (-0.23%).

2024 Avg (April) 2.0878

2023 Avg (April) 2.0926

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0867	2.0817	2.0843
February	2.0875	2.0846	2.0857
March	2.0895	2.0845	2.0861
April	2.0915	2.0860	2.0878
May	2.0858	2.0794	2.0827
June	2.0867	2.0804	2.0822
July	2.0833	2.0809	2.0820
August	2.0851	2.0745	2.0779
September	2.0794	2.0720	2.0764
October	2.0715	2.0673	2.0690
November	2.0743	2.0688	2.0716
December	2.0717	2.0664	2.0693