2023 HRK to GNF Historical Review

YEARLY HIGH

1284.7689 GNF

YEARLY LOW

1196.8515 GNF

YEARLY AVERAGE

1237.2416 GNF

2023 HRK to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 1284.7689. Conversely, the yearly low was recorded on October 3, dropping to 1196.8515.

This high-to-low spread represents a total annual volatility of 87.9174 GNF. From a start-to-finish perspective, comparing the January average rate of 1240.9547 to the December average rate of 1246.6448, the exchange rate registered a net change of 0.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1284.7689 was down 8.93% compared to the 2022 peak of 1410.7413, 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 6,423,845 GNF

2022 Average 6,162,682 GNF

Yearly Trough Low 5,984,258 GNF

Transaction Impact: A difference of 439,586.91 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1268.7034

1200.2184

JanuMarcMayJulySeptNove

HRK to GNF 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 1238.4759, compared to 1236.0074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4685 points.

H1 Avg (Jan–Jun) 1238.4759

H2 Avg (Jul–Dec) 1236.0074

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 54.0959 GNF (High: 1258.0999 / Low: 1204.0040). On the other end, October was the most stable month, with a tight range of 22.6791 GNF (High: 1219.5307 / Low: 1196.8515).

February Spread (Volatile) ±54.0959

October Spread (Stable) ±22.6791

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 27.5189 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -27.5189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1262.9963) against the same month in 2022 (average: 1177.5564), the exchange rate shifted by +85.4399 (+7.26%).

2023 Avg (July) 1262.9963

2022 Avg (July) 1177.5564

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1269.3284	1222.7238	1240.9547
February	1258.0999	1204.0040	1227.3514
March	1247.9204	1201.9868	1227.1917
April	1263.7727	1233.9761	1251.0423
May	1266.2787	1221.3465	1243.2353
June	1257.6012	1224.4028	1241.0797
July	1284.7689	1236.7542	1262.9963
August	1263.8420	1230.1585	1246.5963
September	1231.0154	1201.5134	1219.0774
October	1219.5307	1196.8515	1205.9255
November	1254.7505	1208.2315	1234.8039
December	1265.5154	1228.6463	1246.6448