Explore the historical exchange rates between the Hong Kong Dollar (HKD) and US Dollar (USD) throughout 2024. This summary provides key trends, monthly averages, and notable fluctuations to help you understand currency movements over the year.
Key Statistics for 2024
| Metric | Value |
|-----------------|---------------------|
| Highest Rate | 0.1288 USD (Dec 27) |
| Average Rate | 0.1282 USD |
| Lowest Rate | 0.1276 USD (Apr 11) |
Monthly Exchange Rate Trends
January 2024
- Average Rate: 0.1279 USD
- Range: 0.1278–0.1281 USD
- Highlight: Peaked at 0.1281 USD on January 3.
February 2024
- Average Rate: 0.1278 USD
- Range: 0.1277–0.1279 USD
- Highlight: Fell to yearly low of 0.1277 USD by month-end.
March–April 2024
- March Average: 0.1278 USD
- April Average: 0.1277 USD
- Key Event: April 11 marked the year’s lowest rate (0.1276 USD).
May–June 2024
- May Surge: Reached 0.1282 USD (May 16).
- June Stability: Averaged 0.1280 USD, with marginal fluctuations.
July–December 2024
- Q4 Peak: December hit 0.1288 USD (Dec 27).
- Year-End Average: 0.1286 USD in December.
FAQs
1. What drives HKD/USD exchange rate fluctuations?
A: Factors include interest rate differentials, economic data from Hong Kong/US, and global market sentiment.
2. How did the HKD perform against the USD in 2024?
A: The HKD appreciated by 0.55%, with highs in December and lows in April.
3. Where can I find real-time HKD/USD rates?
A: Use reliable platforms like 👉 OKX for live updates.
4. What was the best month to exchange HKD to USD in 2024?
A: December offered the highest rates (0.1288 USD).
Analysis by Quarter
Q1 2024
- Trend: Gradual decline from January’s peak.
- Catalyst: Fed policy shifts influenced USD strength.
Q2 2024
- Recovery: Rates climbed from April’s low to 0.1282 USD by May.
Q3–Q4 2024
- Year-End Rally: Strengthened to 0.1288 USD in December.
Historical Data Table (Selected Months)
| Month | High (USD) | Low (USD) | Average (USD) |
|----------|-----------|----------|--------------|
| January | 0.1281 | 0.1278 | 0.1279 |
| April | 0.1278 | 0.1276 | 0.1277 |
| December | 0.1288 | 0.1285 | 0.1286 |
Conclusion
2024 saw the HKD strengthen against the USD, particularly in Q4. For businesses or travelers, monitoring these trends helps optimize exchange timing. Stay updated with real-time data to make informed decisions.
**Keywords**: HKD to USD 2024, Hong Kong Dollar exchange rate, USD historical data, currency trends, HKD performance.