2023 AFN to HRK Historical Review

YEARLY HIGH

0.1010 HRK

YEARLY LOW

0.0750 HRK

YEARLY AVERAGE

0.0848 HRK

2023 AFN to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.1010. Conversely, the yearly low was recorded on April 18, dropping to 0.0750.

This high-to-low spread represents a total annual volatility of 0.0260 HRK. From a start-to-finish perspective, comparing the January average rate of 0.0786 to the December average rate of 0.0987, the exchange rate registered a net change of 25.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1010 was up 11.13% compared to the 2022 peak of 0.0909, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 505 HRK

2022 Average 400 HRK

Yearly Trough Low 375 HRK

Transaction Impact: A difference of 130.10 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1007

0.0766

JanuMarcMayJulySeptNove

AFN to HRK 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 0.0794, compared to 0.0903 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.0794

H2 Avg (Jul–Dec) 0.0903

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0100 HRK (High: 0.0958 / Low: 0.0858). On the other end, March was the most stable month, with a tight range of 0.0028 HRK (High: 0.0819 / Low: 0.0792).

September Spread (Volatile) ±0.0100

March Spread (Stable) ±0.0028

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0015 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0987) against the same month in 2022 (average: 0.0815), the exchange rate shifted by +0.0172 (+21.09%).

2023 Avg (December) 0.0987

2022 Avg (December) 0.0815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0810	0.0772	0.0786
February	0.0809	0.0761	0.0786
March	0.0819	0.0792	0.0803
April	0.0807	0.0750	0.0794
May	0.0807	0.0775	0.0793
June	0.0819	0.0787	0.0802
July	0.0808	0.0770	0.0787
August	0.0856	0.0790	0.0818
September	0.0958	0.0858	0.0906
October	0.0968	0.0917	0.0944
November	0.1005	0.0946	0.0975
December	0.1010	0.0965	0.0987