2023 EGP to HRK Historical Review

YEARLY HIGH

0.2853 HRK

YEARLY LOW

0.2170 HRK

YEARLY AVERAGE

0.2275 HRK

2023 EGP to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 0.2853. Conversely, the yearly low was recorded on July 17, dropping to 0.2170.

This high-to-low spread represents a total annual volatility of 0.0683 HRK. From a start-to-finish perspective, comparing the January average rate of 0.2452 to the December average rate of 0.2233, the exchange rate registered a net change of -8.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2853 was down 35.50% compared to the 2022 peak of 0.4423, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,426 HRK

2022 Average 1,894 HRK

Yearly Trough Low 1,085 HRK

Transaction Impact: A difference of 341.50 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2476

0.2183

JanuMarcMayJulySeptNove

EGP 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 0.2296, compared to 0.2254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 0.2296

H2 Avg (Jul–Dec) 0.2254

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0554 HRK (High: 0.2853 / Low: 0.2298). On the other end, October was the most stable month, with a tight range of 0.0042 HRK (High: 0.2328 / Low: 0.2286).

January Spread (Volatile) ±0.0554

October Spread (Stable) ±0.0042

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 January and February, when the average rate fell by 0.0140 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0140

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2452) against the same month in 2022 (average: 0.4228), the exchange rate shifted by -0.1776 (-42.01%).

2023 Avg (January) 0.2452

2022 Avg (January) 0.4228

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2853	0.2298	0.2452
February	0.2339	0.2266	0.2312
March	0.2324	0.2236	0.2285
April	0.2262	0.2204	0.2229
May	0.2281	0.2199	0.2250
June	0.2284	0.2218	0.2250
July	0.2246	0.2170	0.2207
August	0.2259	0.2211	0.2235
September	0.2321	0.2259	0.2284
October	0.2328	0.2286	0.2309
November	0.2304	0.2215	0.2255
December	0.2267	0.2202	0.2233