2023 HRK to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HRK to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HRK to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 422.4521. Conversely, the yearly low was recorded on February 25, dropping to 288.8887.
This high-to-low spread represents a total annual volatility of 133.5634 BIF. From a start-to-finish perspective, comparing the January average rate of 296.2546 to the December average rate of 413.1459, the exchange rate registered a net change of 39.46% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 422.4521 was up 37.77% compared to the 2022 peak of 306.6253, 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 BIF 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 323.2707, compared to 407.6861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 84.4154 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 106.4844 BIF (High: 404.4507 / Low: 297.9663). On the other end, April was the most stable month, with a tight range of 7.2441 BIF (High: 305.4823 / Low: 298.2381).
Growth Streaks & Declines
TrendsBetween February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 8.4973 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 415.2000) against the same month in 2022 (average: 278.8013), the exchange rate shifted by +136.3986 (+48.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 299.9673 | 288.9500 | 296.2546 |
| February | 303.0670 | 288.8887 | 294.3309 |
| March | 301.1557 | 290.2687 | 295.0165 |
| April | 305.4823 | 298.2381 | 302.4732 |
| May | 404.4507 | 297.9663 | 344.4520 |
| June | 412.4976 | 400.9582 | 407.0967 |
| July | 422.4521 | 406.6100 | 415.2000 |
| August | 414.0262 | 406.0955 | 410.2797 |
| September | 407.0703 | 396.2131 | 401.7824 |
| October | 402.3644 | 394.5709 | 397.9725 |
| November | 415.5398 | 398.7605 | 407.7359 |
| December | 420.2856 | 406.7339 | 413.1459 |