2023 HRK to GHS Historical Review

YEARLY HIGH

1.8143 GHS

YEARLY LOW

1.1840 GHS

YEARLY AVERAGE

1.6782 GHS

2023 HRK to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 1.8143. Conversely, the yearly low was recorded on January 1, dropping to 1.1840.

This high-to-low spread represents a total annual volatility of 0.6303 GHS. From a start-to-finish perspective, comparing the January average rate of 1.6404 to the December average rate of 1.7422, the exchange rate registered a net change of 6.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.8143 was down 9.46% compared to the 2022 peak of 2.0039, 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 9,071 GHS

2022 Average 6,248 GHS

Yearly Trough Low 5,920 GHS

Transaction Impact: A difference of 3,151.52 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7868

1.6131

JanuMarcMayJulySeptNove

HRK to GHS 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 1.6830, compared to 1.6734 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0095 points.

H1 Avg (Jan–Jun) 1.6830

H2 Avg (Jul–Dec) 1.6734

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.6190 GHS (High: 1.8030 / Low: 1.1840). On the other end, September was the most stable month, with a tight range of 0.0204 GHS (High: 1.6354 / Low: 1.6150).

January Spread (Volatile) ±0.6190

September Spread (Stable) ±0.0204

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0872 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0872

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1.7723) against the same month in 2022 (average: 0.9799), the exchange rate shifted by +0.7924 (+80.87%).

2023 Avg (February) 1.7723

2022 Avg (February) 0.9799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8030	1.1840	1.6404
February	1.8143	1.7283	1.7723
March	1.8110	1.6764	1.7520
April	1.7542	1.5567	1.6648
May	1.7407	1.5219	1.6386
June	1.6730	1.5828	1.6295
July	1.7179	1.6363	1.6741
August	1.6591	1.6175	1.6326
September	1.6354	1.6150	1.6276
October	1.6757	1.6134	1.6491
November	1.7517	1.6736	1.7149
December	1.7718	1.7153	1.7422