2023 CNY to HRK Historical Review

YEARLY HIGH

1.0405 HRK

YEARLY LOW

0.9304 HRK

YEARLY AVERAGE

0.9857 HRK

2023 CNY to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 1.0405. Conversely, the yearly low was recorded on July 19, dropping to 0.9304.

This high-to-low spread represents a total annual volatility of 0.1100 HRK. From a start-to-finish perspective, comparing the January average rate of 1.0284 to the December average rate of 0.9694, the exchange rate registered a net change of -5.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0405 was down 6.64% compared to the 2022 peak of 1.1144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 26,012 HRK

2022 Average 26,623 HRK

Yearly Trough Low 23,261 HRK

Transaction Impact: A difference of 2,750.64 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0374

0.9403

JanuMarcMayJulySeptNove

CNY 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 1.0069, compared to 0.9645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0424 points.

H1 Avg (Jan–Jun) 1.0069

H2 Avg (Jul–Dec) 0.9645

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0422 HRK (High: 0.9942 / Low: 0.9520). On the other end, May was the most stable month, with a tight range of 0.0133 HRK (High: 0.9980 / Low: 0.9847).

June Spread (Volatile) ±0.0422

May Spread (Stable) ±0.0133

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 June and July, when the average rate fell by 0.0232 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0232

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0284) against the same month in 2022 (average: 1.0458), the exchange rate shifted by -0.0175 (-1.67%).

2023 Avg (January) 1.0284

2022 Avg (January) 1.0458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0405	1.0169	1.0284
February	1.0363	1.0150	1.0293
March	1.0306	1.0055	1.0211
April	1.0152	0.9848	0.9983
May	0.9980	0.9847	0.9928
June	0.9942	0.9520	0.9716
July	0.9642	0.9304	0.9484
August	0.9660	0.9463	0.9542
September	0.9812	0.9590	0.9679
October	1.0002	0.9654	0.9804
November	0.9800	0.9548	0.9667
December	0.9832	0.9498	0.9694