2023 HRK to IQD Historical Review

YEARLY HIGH

214.2849 IQD

YEARLY LOW

182.0267 IQD

YEARLY AVERAGE

195.1257 IQD

2023 HRK to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 214.2849. Conversely, the yearly low was recorded on October 3, dropping to 182.0267.

This high-to-low spread represents a total annual volatility of 32.2582 IQD. From a start-to-finish perspective, comparing the January average rate of 209.0175 to the December average rate of 189.9494, the exchange rate registered a net change of -9.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 214.2849 was down 3.67% compared to the 2022 peak of 222.4532, 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 1,071,424 IQD

2022 Average 1,020,732 IQD

Yearly Trough Low 910,134 IQD

Transaction Impact: A difference of 161,290.78 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

213.8052

180.8127

JanuMarcMayJulySeptNove

HRK to IQD 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 202.1769, compared to 188.0745 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.1024 points.

H1 Avg (Jan–Jun) 202.1769

H2 Avg (Jul–Dec) 188.0745

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 27.6300 IQD (High: 213.5121 / Low: 185.8821). On the other end, October was the most stable month, with a tight range of 3.4284 IQD (High: 185.4551 / Low: 182.0267).

May Spread (Volatile) ±27.6300

October Spread (Stable) ±3.4284

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 April and May, when the average rate fell by 20.8642 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -20.8642

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 211.0558) against the same month in 2022 (average: 209.0570), the exchange rate shifted by +1.9989 (+0.96%).

2023 Avg (April) 211.0558

2022 Avg (April) 209.0570

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	211.5858	203.9468	209.0175
February	213.2655	204.1609	207.2428
March	211.4504	203.7102	207.1145
April	214.2849	191.7262	211.0558
May	213.5121	185.8821	190.1917
June	191.0977	185.9030	188.4390
July	195.3340	188.4285	192.0250
August	192.3218	187.6099	189.5982
September	187.7118	182.7396	185.5314
October	185.4551	182.0267	183.5621
November	191.1444	183.9759	187.7809
December	193.1238	187.0980	189.9494