2023 HRK to CVE Historical Review

YEARLY HIGH

15.0840 CVE

YEARLY LOW

14.4529 CVE

YEARLY AVERAGE

14.6530 CVE

2023 HRK to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 15.0840. Conversely, the yearly low was recorded on February 3, dropping to 14.4529.

This high-to-low spread represents a total annual volatility of 0.6311 CVE. From a start-to-finish perspective, comparing the January average rate of 14.6740 to the December average rate of 14.6609, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.0840 was down 1.68% compared to the 2022 peak of 15.3413, 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 75,420 CVE

2022 Average 73,348 CVE

Yearly Trough Low 72,265 CVE

Transaction Impact: A difference of 3,155.52 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.6855

14.6261

JanuMarcMayJulySeptNove

HRK to CVE 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 14.6551, compared to 14.6509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 14.6551

H2 Avg (Jul–Dec) 14.6509

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5001 CVE (High: 15.0840 / Low: 14.5839). On the other end, August was the most stable month, with a tight range of 0.1526 CVE (High: 14.7252 / Low: 14.5726).

December Spread (Volatile) ±0.5001

August Spread (Stable) ±0.1526

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0425 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0425

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 14.6609) against the same month in 2022 (average: 14.6454), the exchange rate shifted by +0.0155 (+0.11%).

2023 Avg (December) 14.6609

2022 Avg (December) 14.6454

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.8269	14.5885	14.6740
February	14.8150	14.4529	14.6314
March	14.7350	14.4780	14.6441
April	14.7130	14.4889	14.6480
May	14.7160	14.5154	14.6529
June	15.0070	14.5825	14.6806
July	14.8770	14.4781	14.6476
August	14.7252	14.5726	14.6370
September	14.7072	14.4984	14.6310
October	14.7682	14.5222	14.6496
November	14.9441	14.5855	14.6797
December	15.0840	14.5839	14.6609