2023 SBD to HKD Historical Review

YEARLY HIGH

0.9575 HKD

YEARLY LOW

0.9171 HKD

YEARLY AVERAGE

0.9383 HKD

2023 SBD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.9575. Conversely, the yearly low was recorded on November 27, dropping to 0.9171.

This high-to-low spread represents a total annual volatility of 0.0403 HKD. From a start-to-finish perspective, comparing the January average rate of 0.9463 to the December average rate of 0.9234, the exchange rate registered a net change of -2.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9575 was down 2.40% compared to the 2022 peak of 0.9810, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,787 HKD

2022 Average 4,812 HKD

Yearly Trough Low 4,586 HKD

Transaction Impact: A difference of 201.61 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9568

0.9204

JanuMarcMayJulySeptNove

SBD 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 0.9467, compared to 0.9298 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0170 points.

H1 Avg (Jan–Jun) 0.9467

H2 Avg (Jul–Dec) 0.9298

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0198 HKD (High: 0.9408 / Low: 0.9210). On the other end, June was the most stable month, with a tight range of 0.0034 HKD (High: 0.9411 / Low: 0.9377).

July Spread (Volatile) ±0.0198

June Spread (Stable) ±0.0034

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.0072 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.9531) against the same month in 2022 (average: 0.9642), the exchange rate shifted by -0.0112 (-1.16%).

2023 Avg (February) 0.9531

2022 Avg (February) 0.9642

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9544	0.9408	0.9463
February	0.9575	0.9478	0.9531
March	0.9574	0.9494	0.9538
April	0.9536	0.9418	0.9466
May	0.9458	0.9371	0.9412
June	0.9411	0.9377	0.9396
July	0.9408	0.9210	0.9345
August	0.9390	0.9313	0.9352
September	0.9372	0.9271	0.9322
October	0.9342	0.9206	0.9279
November	0.9331	0.9171	0.9253
December	0.9274	0.9198	0.9234