2023 HRK to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HRK to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HRK to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 313.1339. Conversely, the yearly low was recorded on October 3, dropping to 291.9078.
This high-to-low spread represents a total annual volatility of 21.2261 MMK. From a start-to-finish perspective, comparing the January average rate of 300.7087 to the December average rate of 304.6584, the exchange rate registered a net change of 1.31% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 313.1339 was up 5.00% compared to the 2022 peak of 298.2255, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HRK to MMK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 301.1143, compared to 301.5543 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4401 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 13.0979 MMK (High: 306.8566 / Low: 293.7586). On the other end, October was the most stable month, with a tight range of 5.3392 MMK (High: 297.2470 / Low: 291.9078).
Growth Streaks & Declines
TrendsBetween 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 6.5443 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 307.7874) against the same month in 2022 (average: 251.0190), the exchange rate shifted by +56.7685 (+22.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 304.3879 | 293.4123 | 300.7087 |
| February | 306.8566 | 293.7586 | 298.1703 |
| March | 303.9767 | 293.1049 | 297.9549 |
| April | 308.0485 | 300.5019 | 305.1692 |
| May | 308.4506 | 297.9265 | 302.5732 |
| June | 306.3340 | 298.0054 | 302.1091 |
| July | 313.1339 | 302.0580 | 307.7874 |
| August | 307.0015 | 300.8249 | 304.0034 |
| September | 301.0536 | 293.1196 | 297.4591 |
| October | 297.2470 | 291.9078 | 294.2405 |
| November | 306.4623 | 294.8652 | 301.1771 |
| December | 310.0358 | 299.9732 | 304.6584 |