2023 HRK to BOB Historical Review

YEARLY HIGH

1.0303 BOB

YEARLY LOW

0.9604 BOB

YEARLY AVERAGE

0.9916 BOB

2023 HRK to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 1.0303. Conversely, the yearly low was recorded on October 3, dropping to 0.9604.

This high-to-low spread represents a total annual volatility of 0.0699 BOB. From a start-to-finish perspective, comparing the January average rate of 0.9895 to the December average rate of 1.0026, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0303 was down 1.95% compared to the 2022 peak of 1.0508, 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 5,152 BOB

2022 Average 4,820 BOB

Yearly Trough Low 4,802 BOB

Transaction Impact: A difference of 349.49 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0175

0.9637

JanuMarcMayJulySeptNove

HRK to BOB 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 0.9910, compared to 0.9923 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.9910

H2 Avg (Jul–Dec) 0.9923

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0431 BOB (High: 1.0097 / Low: 0.9666). On the other end, October was the most stable month, with a tight range of 0.0177 BOB (High: 0.9781 / Low: 0.9604).

February Spread (Volatile) ±0.0431

October Spread (Stable) ±0.0177

Growth Streaks & Declines

Trends

Between October and December, 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 0.0216 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0130) against the same month in 2022 (average: 0.9323), the exchange rate shifted by +0.0807 (+8.66%).

2023 Avg (July) 1.0130

2022 Avg (July) 0.9323

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0017	0.9655	0.9895
February	1.0097	0.9666	0.9811
March	1.0002	0.9645	0.9805
April	1.0136	0.9888	1.0050
May	1.0149	0.9803	0.9957
June	1.0080	0.9806	0.9941
July	1.0303	0.9940	1.0130
August	1.0102	0.9898	1.0003
September	0.9904	0.9645	0.9788
October	0.9781	0.9604	0.9682
November	1.0084	0.9702	0.9910
December	1.0202	0.9871	1.0026