2023 HRK to MNT Historical Review

YEARLY HIGH

524.9133 MNT

YEARLY LOW

475.7547 MNT

YEARLY AVERAGE

497.0056 MNT

2023 HRK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 524.9133. Conversely, the yearly low was recorded on January 5, dropping to 475.7547.

This high-to-low spread represents a total annual volatility of 49.1586 MNT. From a start-to-finish perspective, comparing the January average rate of 487.8525 to the December average rate of 499.9907, the exchange rate registered a net change of 2.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 524.9133 was up 8.50% compared to the 2022 peak of 483.7927, 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 2,624,567 MNT

2022 Average 2,179,884 MNT

Yearly Trough Low 2,378,774 MNT

Transaction Impact: A difference of 245,792.94 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

518.2156

480.5403

JanuMarcMayJulySeptNove

HRK to MNT 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 496.9413, compared to 497.0700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1287 points.

H1 Avg (Jan–Jun) 496.9413

H2 Avg (Jul–Dec) 497.0700

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 29.3714 MNT (High: 506.3841 / Low: 477.0127). On the other end, October was the most stable month, with a tight range of 9.1737 MNT (High: 488.5218 / Low: 479.3481).

March Spread (Volatile) ±29.3714

October Spread (Stable) ±9.1737

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 July and August, when the average rate fell by 15.6315 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -15.6315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 515.0760) against the same month in 2022 (average: 426.0702), the exchange rate shifted by +89.0058 (+20.89%).

2023 Avg (July) 515.0760

2022 Avg (July) 426.0702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	493.8597	475.7547	487.8525
February	497.8723	476.8574	483.6799
March	506.3841	477.0127	484.6183
April	516.3926	504.6482	511.8996
May	516.9976	499.4493	507.2613
June	513.3721	499.5870	506.3362
July	524.9133	503.5888	515.0760
August	504.1541	494.2665	499.4445
September	494.1705	481.0419	488.7866
October	488.5218	479.3481	483.7413
November	503.8272	484.6711	495.3808
December	508.6357	492.7389	499.9907