2023 HRK to BTN Historical Review

YEARLY HIGH

12.3322 BTN

YEARLY LOW

11.4186 BTN

YEARLY AVERAGE

11.8498 BTN

2023 HRK to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 12.3322. Conversely, the yearly low was recorded on March 7, dropping to 11.4186.

This high-to-low spread represents a total annual volatility of 0.9137 BTN. From a start-to-finish perspective, comparing the January average rate of 11.7159 to the December average rate of 12.0754, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.3322 was up 5.17% compared to the 2022 peak of 11.7265, 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 61,661 BTN

2022 Average 54,877 BTN

Yearly Trough Low 57,093 BTN

Transaction Impact: A difference of 4,568.27 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.1170

11.6173

JanuMarcMayJulySeptNove

HRK to BTN 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 11.7870, compared to 11.9126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1256 points.

H1 Avg (Jan–Jun) 11.7870

H2 Avg (Jul–Dec) 11.9126

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.5356 BTN (High: 12.3322 / Low: 11.7966). On the other end, October was the most stable month, with a tight range of 0.2068 BTN (High: 11.7727 / Low: 11.5659).

July Spread (Volatile) ±0.5356

October Spread (Stable) ±0.2068

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 0.2278 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2278

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 12.0474) against the same month in 2022 (average: 10.7812), the exchange rate shifted by +1.2662 (+11.74%).

2023 Avg (July) 12.0474

2022 Avg (July) 10.7812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.8308	11.5550	11.7159
February	11.9790	11.5760	11.7254
March	11.9207	11.4186	11.6813
April	12.0044	11.7589	11.9129
May	12.0126	11.7357	11.8609
June	11.9604	11.6945	11.8254
July	12.3322	11.7966	12.0474
August	12.1012	11.8425	11.9879
September	11.8512	11.6143	11.7602
October	11.7727	11.5659	11.6589
November	12.1625	11.7002	11.9459
December	12.2878	11.9107	12.0754