2023 GHS to HRK Historical Review

YEARLY HIGH

0.8446 HRK

YEARLY LOW

0.5512 HRK

YEARLY AVERAGE

0.5972 HRK

2023 GHS to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.8446. Conversely, the yearly low was recorded on February 23, dropping to 0.5512.

This high-to-low spread represents a total annual volatility of 0.2934 HRK. From a start-to-finish perspective, comparing the January average rate of 0.6164 to the December average rate of 0.5740, the exchange rate registered a net change of -6.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8446 was down 21.90% compared to the 2022 peak of 1.0815, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,223 HRK

2022 Average 4,202 HRK

Yearly Trough Low 2,756 HRK

Transaction Impact: A difference of 1,467.11 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6216

0.5592

JanuMarcMayJulySeptNove

GHS 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 0.5965, compared to 0.5980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0016 points.

H1 Avg (Jan–Jun) 0.5965

H2 Avg (Jul–Dec) 0.5980

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2900 HRK (High: 0.8446 / Low: 0.5546). On the other end, September was the most stable month, with a tight range of 0.0077 HRK (High: 0.6192 / Low: 0.6115).

January Spread (Volatile) ±0.2900

September Spread (Stable) ±0.0077

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0520 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0520

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.6164) against the same month in 2022 (average: 1.0693), the exchange rate shifted by -0.4529 (-42.35%).

2023 Avg (January) 0.6164

2022 Avg (January) 1.0693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8446	0.5546	0.6164
February	0.5786	0.5512	0.5644
March	0.5965	0.5522	0.5709
April	0.6424	0.5701	0.6018
May	0.6571	0.5745	0.6115
June	0.6318	0.5977	0.6138
July	0.6111	0.5821	0.5975
August	0.6182	0.6027	0.6125
September	0.6192	0.6115	0.6144
October	0.6198	0.5968	0.6065
November	0.5975	0.5709	0.5832
December	0.5830	0.5644	0.5740