2023 HRK to CDF Historical Review

YEARLY HIGH

407.9923 CDF

YEARLY LOW

285.2176 CDF

YEARLY AVERAGE

335.2735 CDF

2023 HRK to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 407.9923. Conversely, the yearly low was recorded on January 5, dropping to 285.2176.

This high-to-low spread represents a total annual volatility of 122.7747 CDF. From a start-to-finish perspective, comparing the January average rate of 293.3704 to the December average rate of 394.5721, the exchange rate registered a net change of 34.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 407.9923 was up 33.12% compared to the 2022 peak of 306.4732, 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 2,039,962 CDF

2022 Average 1,411,959 CDF

Yearly Trough Low 1,426,088 CDF

Transaction Impact: A difference of 613,873.60 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

404.7487

282.6299

JanuMarcMayJulySeptNove

HRK to CDF 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 306.2885, compared to 364.2584 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 57.9699 points.

H1 Avg (Jan–Jun) 306.2885

H2 Avg (Jul–Dec) 364.2584

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 44.5188 CDF (High: 393.6370 / Low: 349.1182). On the other end, September was the most stable month, with a tight range of 9.0232 CDF (High: 356.2543 / Low: 347.2311).

November Spread (Volatile) ±44.5188

September Spread (Stable) ±9.0232

Growth Streaks & Declines

Trends

Between 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 6.5857 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -6.5857

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 394.5721) against the same month in 2022 (average: 287.0867), the exchange rate shifted by +107.4854 (+37.44%).

2023 Avg (December) 394.5721

2022 Avg (December) 287.0867

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	298.6927	285.2176	293.3704
February	300.1107	286.2294	292.8065
March	300.7963	288.4193	293.8442
April	320.2648	294.4194	302.7720
May	332.9278	294.4844	315.3120
June	349.0032	330.3853	339.6262
July	374.9461	348.8891	362.3259
August	362.6156	353.5486	358.4734
September	356.2543	347.2311	351.8877
October	364.2363	344.6119	353.1075
November	393.6370	349.1182	365.1838
December	407.9923	382.0733	394.5721