2023 BTN to HRK Historical Review

YEARLY HIGH

0.0876 HRK

YEARLY LOW

0.0811 HRK

YEARLY AVERAGE

0.0844 HRK

2023 BTN to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.0876. Conversely, the yearly low was recorded on July 13, dropping to 0.0811.

This high-to-low spread represents a total annual volatility of 0.0065 HRK. From a start-to-finish perspective, comparing the January average rate of 0.0854 to the December average rate of 0.0828, the exchange rate registered a net change of -2.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0876 was down 8.98% compared to the 2022 peak of 0.0962, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 438 HRK

2022 Average 456 HRK

Yearly Trough Low 405 HRK

Transaction Impact: A difference of 32.44 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0861

0.0825

JanuMarcMayJulySeptNove

BTN 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 0.0848, compared to 0.0840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.0848

H2 Avg (Jul–Dec) 0.0840

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0037 HRK (High: 0.0876 / Low: 0.0839). On the other end, October was the most stable month, with a tight range of 0.0015 HRK (High: 0.0865 / Low: 0.0849).

March Spread (Volatile) ±0.0037

October Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between July and October, 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 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.0856) against the same month in 2022 (average: 0.0902), the exchange rate shifted by -0.0046 (-5.10%).

2023 Avg (March) 0.0856

2022 Avg (March) 0.0902

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0865	0.0845	0.0854
February	0.0864	0.0835	0.0853
March	0.0876	0.0839	0.0856
April	0.0850	0.0833	0.0839
May	0.0852	0.0832	0.0843
June	0.0855	0.0836	0.0846
July	0.0848	0.0811	0.0830
August	0.0844	0.0826	0.0834
September	0.0861	0.0844	0.0850
October	0.0865	0.0849	0.0858
November	0.0855	0.0822	0.0837
December	0.0840	0.0814	0.0828