2023 HRK to MGA Historical Review

YEARLY HIGH

676.3006 MGA

YEARLY LOW

599.9466 MGA

YEARLY AVERAGE

638.8235 MGA

2023 HRK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 676.3006. Conversely, the yearly low was recorded on March 18, dropping to 599.9466.

This high-to-low spread represents a total annual volatility of 76.3540 MGA. From a start-to-finish perspective, comparing the January average rate of 629.7557 to the December average rate of 664.1179, the exchange rate registered a net change of 5.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 676.3006 was up 6.31% compared to the 2022 peak of 636.1648, 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 3,381,503 MGA

2022 Average 2,885,035 MGA

Yearly Trough Low 2,999,733 MGA

Transaction Impact: A difference of 381,769.78 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

669.5101

604.8037

JanuMarcMayJulySeptNove

HRK to MGA 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 627.9520, compared to 649.6949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.7429 points.

H1 Avg (Jan–Jun) 627.9520

H2 Avg (Jul–Dec) 649.6949

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 36.9033 MGA (High: 651.8776 / Low: 614.9743). On the other end, October was the most stable month, with a tight range of 11.6236 MGA (High: 640.7223 / Low: 629.0987).

January Spread (Volatile) ±36.9033

October Spread (Stable) ±11.6236

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 19.5597 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -19.5597

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 664.1179) against the same month in 2022 (average: 620.4975), the exchange rate shifted by +43.6204 (+7.03%).

2023 Avg (December) 664.1179

2022 Avg (December) 620.4975

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	651.8776	614.9743	629.7557
February	626.5563	601.5015	610.1959
March	628.1510	599.9466	612.4322
April	646.6257	621.2111	636.8265
May	647.1849	626.0039	634.4660
June	659.7917	626.2592	644.0360
July	674.4498	649.2894	660.3762
August	659.4419	644.3243	651.6767
September	646.5541	633.1602	638.9086
October	640.7223	629.0987	634.8843
November	661.0129	634.9057	648.2057
December	676.3006	650.0082	664.1179