2023 GMD to HRK Historical Review

YEARLY HIGH

0.1184 HRK

YEARLY LOW

0.1007 HRK

YEARLY AVERAGE

0.1120 HRK

2023 GMD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 0.1184. Conversely, the yearly low was recorded on December 27, dropping to 0.1007.

This high-to-low spread represents a total annual volatility of 0.0177 HRK. From a start-to-finish perspective, comparing the January average rate of 0.1126 to the December average rate of 0.1025, the exchange rate registered a net change of -9.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1184 was down 16.68% compared to the 2022 peak of 0.1421, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 592 HRK

2022 Average 648 HRK

Yearly Trough Low 503 HRK

Transaction Impact: A difference of 88.63 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1183

0.1010

JanuMarcMayJulySeptNove

GMD 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 0.1144, compared to 0.1096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.1144

H2 Avg (Jul–Dec) 0.1096

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0077 HRK (High: 0.1094 / Low: 0.1017). On the other end, August was the most stable month, with a tight range of 0.0014 HRK (High: 0.1147 / Low: 0.1133).

November Spread (Volatile) ±0.0077

August Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0056 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.1169) against the same month in 2022 (average: 0.1317), the exchange rate shifted by -0.0148 (-11.25%).

2023 Avg (June) 0.1169

2022 Avg (June) 0.1317

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1153	0.1109	0.1126
February	0.1169	0.1111	0.1153
March	0.1167	0.1111	0.1147
April	0.1141	0.1095	0.1112
May	0.1183	0.1133	0.1161
June	0.1184	0.1153	0.1169
July	0.1166	0.1124	0.1143
August	0.1147	0.1133	0.1140
September	0.1171	0.1094	0.1143
October	0.1108	0.1076	0.1087
November	0.1094	0.1017	0.1041
December	0.1040	0.1007	0.1025