2023 HRK to IRR Historical Review

YEARLY HIGH

6299.5282 IRR

YEARLY LOW

5850.9910 IRR

YEARLY AVERAGE

6060.8441 IRR

2023 HRK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 6299.5282. Conversely, the yearly low was recorded on January 5, dropping to 5850.9910.

This high-to-low spread represents a total annual volatility of 448.5372 IRR. From a start-to-finish perspective, comparing the January average rate of 6004.9326 to the December average rate of 6120.1424, the exchange rate registered a net change of 1.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 6299.5282 was down 2.23% compared to the 2022 peak of 6443.2175, 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 31,497,641 IRR

2022 Average 29,555,152 IRR

Yearly Trough Low 29,254,955 IRR

Transaction Impact: A difference of 2,242,685.93 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6226.3228

5896.6022

JanuMarcMayJulySeptNove

HRK to IRR 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 6052.1227, compared to 6069.5656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 17.4430 points.

H1 Avg (Jan–Jun) 6052.1227

H2 Avg (Jul–Dec) 6069.5656

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 266.1478 IRR (High: 6117.1389 / Low: 5850.9910). On the other end, October was the most stable month, with a tight range of 114.0814 IRR (High: 5982.6219 / Low: 5868.5405).

January Spread (Volatile) ±266.1478

October Spread (Stable) ±114.0814

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 134.4578 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -134.4578

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 6198.8461) against the same month in 2022 (average: 5742.3650), the exchange rate shifted by +456.4811 (+7.95%).

2023 Avg (July) 6198.8461

2022 Avg (July) 5742.3650

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6117.1389	5850.9910	6004.9326
February	6167.5706	5904.0329	5993.6562
March	6114.8394	5915.4664	5990.8642
April	6203.6087	6062.5181	6147.2066
May	6210.8763	6003.6107	6093.4102
June	6163.6748	6005.2659	6082.6660
July	6299.5282	6089.8076	6198.8461
August	6183.1941	6053.7458	6120.6568
September	6051.7982	5889.2770	5986.1990
October	5982.6219	5868.5405	5924.0789
November	6171.8831	5931.9530	6067.4705
December	6196.5094	6037.8366	6120.1424