2022 HRK to MAD Historical Review

YEARLY HIGH

1.4835 MAD

YEARLY LOW

1.3631 MAD

YEARLY AVERAGE

1.4177 MAD

2022 HRK to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the HRK to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 1.4835. Conversely, the yearly low was recorded on July 11, dropping to 1.3631.

This high-to-low spread represents a total annual volatility of 0.1204 MAD. From a start-to-finish perspective, comparing the January average rate of 1.3978 to the December average rate of 1.4760, the exchange rate registered a net change of 5.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.4835 was up 2.69% compared to the 2021 peak of 1.4447, 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 7,418 MAD

2021 Average 7,061 MAD

Yearly Trough Low 6,815 MAD

Transaction Impact: A difference of 602.24 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.4848

1.3785

JanuMarcMayJulySeptNove

HRK to MAD 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 1.4063, compared to 1.4290 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0227 points.

H1 Avg (Jan–Jun) 1.4063

H2 Avg (Jul–Dec) 1.4290

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0582 MAD (High: 1.4834 / Low: 1.4252). On the other end, February was the most stable month, with a tight range of 0.0157 MAD (High: 1.4198 / Low: 1.4042).

November Spread (Volatile) ±0.0582

February Spread (Stable) ±0.0157

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0155 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 1.4760) against the same month in 2021 (average: 1.3911), the exchange rate shifted by +0.0849 (+6.11%).

2022 Avg (December) 1.4760

2021 Avg (December) 1.3911

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4100	1.3910	1.3978
February	1.4198	1.4042	1.4134
March	1.4482	1.4038	1.4155
April	1.4208	1.3863	1.4051
May	1.4200	1.3879	1.4033
June	1.4216	1.3847	1.4029
July	1.4184	1.3631	1.3874
August	1.4281	1.3858	1.4025
September	1.4420	1.3892	1.4152
October	1.4506	1.4155	1.4312
November	1.4834	1.4252	1.4617
December	1.4835	1.4641	1.4760