2023 SCR to HKD Historical Review

YEARLY HIGH

0.6146 HKD

YEARLY LOW

0.5518 HKD

YEARLY AVERAGE

0.5828 HKD

2023 SCR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 0.6146. Conversely, the yearly low was recorded on July 21, dropping to 0.5518.

This high-to-low spread represents a total annual volatility of 0.0628 HKD. From a start-to-finish perspective, comparing the January average rate of 0.5777 to the December average rate of 0.5815, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6146 was down 0.83% compared to the 2022 peak of 0.6198, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,073 HKD

2022 Average 2,892 HKD

Yearly Trough Low 2,759 HKD

Transaction Impact: A difference of 314.15 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5985

0.5694

JanuMarcMayJulySeptNove

SCR 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 0.5790, compared to 0.5866 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 0.5790

H2 Avg (Jul–Dec) 0.5866

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0512 HKD (High: 0.6045 / Low: 0.5534). On the other end, August was the most stable month, with a tight range of 0.0224 HKD (High: 0.5950 / Low: 0.5726).

January Spread (Volatile) ±0.0512

August Spread (Stable) ±0.0224

Growth Streaks & Declines

Trends

Between June and September, 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 May and June, when the average rate fell by 0.0090 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0090

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.5960) against the same month in 2022 (average: 0.5855), the exchange rate shifted by +0.0105 (+1.79%).

2023 Avg (September) 0.5960

2022 Avg (September) 0.5855

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6045	0.5534	0.5777
February	0.6025	0.5541	0.5794
March	0.6034	0.5577	0.5834
April	0.6078	0.5589	0.5812
May	0.5975	0.5569	0.5807
June	0.5972	0.5531	0.5718
July	0.5997	0.5518	0.5851
August	0.5950	0.5726	0.5853
September	0.6146	0.5739	0.5960
October	0.6137	0.5667	0.5874
November	0.5981	0.5679	0.5845
December	0.6050	0.5585	0.5815