2023 HRK to AFN Historical Review

YEARLY HIGH

13.3283 AFN

YEARLY LOW

9.8963 AFN

YEARLY AVERAGE

11.8795 AFN

2023 HRK to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 13.3283. Conversely, the yearly low was recorded on December 9, dropping to 9.8963.

This high-to-low spread represents a total annual volatility of 3.4320 AFN. From a start-to-finish perspective, comparing the January average rate of 12.7238 to the December average rate of 10.1379, the exchange rate registered a net change of -20.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.3283 was down 16.75% compared to the 2022 peak of 16.0099, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,641 AFN

2022 Average 63,036 AFN

Yearly Trough Low 49,481 AFN

Transaction Impact: A difference of 17,160.12 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.9875

9.8789

JanuMarcMayJulySeptNove

HRK to AFN 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 12.5982, compared to 11.1608 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4374 points.

H1 Avg (Jan–Jun) 12.5982

H2 Avg (Jul–Dec) 11.1608

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 1.2139 AFN (High: 11.6503 / Low: 10.4363). On the other end, March was the most stable month, with a tight range of 0.4241 AFN (High: 12.6318 / Low: 12.2077).

September Spread (Volatile) ±1.2139

March Spread (Stable) ±0.4241

Growth Streaks & Declines

Trends

Between March and May, 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 August and September, when the average rate fell by 1.1780 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1780

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 12.6026) against the same month in 2022 (average: 12.5199), the exchange rate shifted by +0.0827 (+0.66%).

2023 Avg (April) 12.6026

2022 Avg (April) 12.5199

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.9560	12.3456	12.7238
February	13.1406	12.3600	12.7284
March	12.6318	12.2077	12.4478
April	13.3283	12.3926	12.6026
May	12.9049	12.3842	12.6109
June	12.7068	12.2163	12.4759
July	12.9952	12.3793	12.7111
August	12.6598	11.6878	12.2225
September	11.6503	10.4363	11.0445
October	10.9058	10.3291	10.5904
November	10.5693	9.9533	10.2584
December	10.3671	9.8963	10.1379