2023 HRK to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HRK to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HRK to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 119.0397. Conversely, the yearly low was recorded on January 5, dropping to 24.9870.
This high-to-low spread represents a total annual volatility of 94.0527 ARS. From a start-to-finish perspective, comparing the January average rate of 26.0696 to the December average rate of 91.8366, the exchange rate registered a net change of 252.28% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 119.0397 was up 373.25% compared to the 2022 peak of 25.1535, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HRK to ARS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 30.3919, compared to 54.4513 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.0594 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 67.0872 ARS (High: 119.0397 / Low: 51.9525). On the other end, February was the most stable month, with a tight range of 0.8590 ARS (High: 27.7101 / Low: 26.8512).
Growth Streaks & Declines
TrendsBetween January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.4948 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 91.8366) against the same month in 2022 (average: 24.1830), the exchange rate shifted by +67.6537 (+279.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.9570 | 24.9870 | 26.0696 |
| February | 27.7101 | 26.8512 | 27.2230 |
| March | 30.1862 | 27.8341 | 28.7826 |
| April | 32.5082 | 29.9873 | 31.3080 |
| May | 34.0205 | 32.3660 | 33.2566 |
| June | 37.1452 | 34.1664 | 35.7118 |
| July | 40.1827 | 36.9093 | 38.9903 |
| August | 50.7498 | 40.2906 | 46.5067 |
| September | 50.1312 | 48.8002 | 49.5717 |
| October | 49.5642 | 48.6332 | 49.0769 |
| November | 52.5061 | 49.1654 | 50.7257 |
| December | 119.0397 | 51.9525 | 91.8366 |