2023 HRK to IDR Historical Review

YEARLY HIGH

2270.9468 IDR

YEARLY LOW

2111.8263 IDR

YEARLY AVERAGE

2187.5726 IDR

2023 HRK to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2270.9468. Conversely, the yearly low was recorded on June 5, dropping to 2111.8263.

This high-to-low spread represents a total annual volatility of 159.1206 IDR. From a start-to-finish perspective, comparing the January average rate of 2182.3605 to the December average rate of 2243.7941, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2270.9468 was up 2.09% compared to the 2022 peak of 2224.4444, 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 11,354,734 IDR

2022 Average 10,373,762 IDR

Yearly Trough Low 10,559,131 IDR

Transaction Impact: A difference of 795,602.81 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2254.1817

2129.5306

JanuMarcMayJulySeptNove

HRK to IDR 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 2160.4389, compared to 2214.7063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 54.2674 points.

H1 Avg (Jan–Jun) 2160.4389

H2 Avg (Jul–Dec) 2214.7063

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 90.1374 IDR (High: 2252.0554 / Low: 2161.9179). On the other end, September was the most stable month, with a tight range of 25.3271 IDR (High: 2191.9679 / Low: 2166.6408).

October Spread (Volatile) ±90.1374

September Spread (Stable) ±25.3271

Growth Streaks & Declines

Trends

Between May and August, 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 August and September, when the average rate fell by 31.7570 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -31.7570

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2243.7941) against the same month in 2022 (average: 2185.1787), the exchange rate shifted by +58.6154 (+2.68%).

2023 Avg (December) 2243.7941

2022 Avg (December) 2185.1787

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2222.6960	2159.6902	2182.3605
February	2176.8360	2136.5937	2152.9175
March	2201.8871	2153.9888	2173.4535
April	2193.6639	2143.0703	2163.2943
May	2157.8297	2124.5800	2139.9182
June	2180.9858	2111.8263	2150.6896
July	2235.6433	2169.4562	2209.7379
August	2226.3541	2188.0858	2210.0246
September	2191.9679	2166.6408	2178.2676
October	2252.0554	2161.9179	2209.8276
November	2262.7250	2215.9624	2236.5860
December	2270.9468	2215.2248	2243.7941