2023 XCD to HKD Historical Review

YEARLY HIGH

2.9047 HKD

YEARLY LOW

2.8822 HKD

YEARLY AVERAGE

2.8970 HKD

2023 XCD to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the XCD to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 2.9047. Conversely, the yearly low was recorded on November 27, dropping to 2.8822.

This high-to-low spread represents a total annual volatility of 0.0225 HKD. From a start-to-finish perspective, comparing the January average rate of 2.8936 to the December average rate of 2.8897, the exchange rate registered a net change of -0.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9047 was down 0.04% compared to the 2022 peak of 2.9060, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,523 HKD

2022 Average 14,488 HKD

Yearly Trough Low 14,411 HKD

Transaction Impact: A difference of 112.49 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9061

2.8870

JanuMarcMayJulySeptNove

XCD 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 2.9007, compared to 2.8933 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 2.9007

H2 Avg (Jul–Dec) 2.8933

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0195 HKD (High: 2.9035 / Low: 2.8840). On the other end, April was the most stable month, with a tight range of 0.0011 HKD (High: 2.9046 / Low: 2.9035).

August Spread (Volatile) ±0.0195

April Spread (Stable) ±0.0011

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 October and November, when the average rate fell by 0.0069 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.9043) against the same month in 2022 (average: 2.8949), the exchange rate shifted by +0.0094 (+0.32%).

2023 Avg (March) 2.9043

2022 Avg (March) 2.8949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9009	2.8871	2.8936
February	2.9046	2.8988	2.9035
March	2.9047	2.9019	2.9043
April	2.9046	2.9035	2.9045
May	2.9046	2.8922	2.8999
June	2.9022	2.8926	2.8981
July	2.9000	2.8850	2.8926
August	2.9035	2.8840	2.8960
September	2.9025	2.8923	2.8973
October	2.8982	2.8927	2.8955
November	2.8956	2.8822	2.8886
December	2.8932	2.8846	2.8897