2023 HRK to MVR Historical Review

YEARLY HIGH

2.2977 MVR

YEARLY LOW

2.1352 MVR

YEARLY AVERAGE

2.2065 MVR

2023 HRK to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 2.2977. Conversely, the yearly low was recorded on October 2, dropping to 2.1352.

This high-to-low spread represents a total annual volatility of 0.1625 MVR. From a start-to-finish perspective, comparing the January average rate of 2.2029 to the December average rate of 2.2279, the exchange rate registered a net change of 1.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2977 was down 2.37% compared to the 2022 peak of 2.3536, 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 11,489 MVR

2022 Average 10,785 MVR

Yearly Trough Low 10,676 MVR

Transaction Impact: A difference of 812.67 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2661

2.1477

JanuMarcMayJulySeptNove

HRK to MVR 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 2.2035, compared to 2.2096 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0061 points.

H1 Avg (Jan–Jun) 2.2035

H2 Avg (Jul–Dec) 2.2096

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0961 MVR (High: 2.2446 / Low: 2.1485). On the other end, August was the most stable month, with a tight range of 0.0383 MVR (High: 2.2446 / Low: 2.2063).

February Spread (Volatile) ±0.0961

August Spread (Stable) ±0.0383

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 August and September, when the average rate fell by 0.0411 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0411

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.2563) against the same month in 2022 (average: 2.0888), the exchange rate shifted by +0.1675 (+8.02%).

2023 Avg (July) 2.2563

2022 Avg (July) 2.0888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2280	2.1519	2.2029
February	2.2446	2.1485	2.1797
March	2.2288	2.1492	2.1846
April	2.2540	2.2013	2.2340
May	2.2552	2.1715	2.2120
June	2.2386	2.1792	2.2077
July	2.2977	2.2158	2.2563
August	2.2446	2.2063	2.2254
September	2.2058	2.1549	2.1842
October	2.1806	2.1352	2.1576
November	2.2443	2.1606	2.2061
December	2.2660	2.1923	2.2279