2023 HRK to ISK Historical Review

YEARLY HIGH

20.8534 ISK

YEARLY LOW

18.8620 ISK

YEARLY AVERAGE

19.7929 ISK

2023 HRK to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 20.8534. Conversely, the yearly low was recorded on August 29, dropping to 18.8620.

This high-to-low spread represents a total annual volatility of 1.9914 ISK. From a start-to-finish perspective, comparing the January average rate of 20.4615 to the December average rate of 19.9760, the exchange rate registered a net change of -2.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.8534 was up 3.21% compared to the 2022 peak of 20.2051, 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 104,267 ISK

2022 Average 94,430 ISK

Yearly Trough Low 94,310 ISK

Transaction Impact: A difference of 9,956.83 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.5991

18.9473

JanuMarcMayJulySeptNove

HRK to ISK 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 20.0494, compared to 19.5363 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5130 points.

H1 Avg (Jan–Jun) 20.0494

H2 Avg (Jul–Dec) 19.5363

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8273 ISK (High: 20.4262 / Low: 19.5990). On the other end, April was the most stable month, with a tight range of 0.1837 ISK (High: 19.9469 / Low: 19.7632).

November Spread (Volatile) ±0.8273

April Spread (Stable) ±0.1837

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.4316 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 20.4615) against the same month in 2022 (average: 19.4073), the exchange rate shifted by +1.0542 (+5.43%).

2023 Avg (January) 20.4615

2022 Avg (January) 19.4073

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8534	20.0873	20.4615
February	20.5380	20.0545	20.3104
March	20.1120	19.6305	19.8788
April	19.9469	19.7632	19.8550
May	20.1354	19.7584	19.9570
June	20.0275	19.6289	19.8337
July	19.8169	19.1539	19.4692
August	19.2588	18.8620	19.0850
September	19.3383	18.8662	19.1712
October	19.5773	19.2220	19.4332
November	20.4262	19.5990	20.0834
December	20.1496	19.9155	19.9760