2023 HRK to MXN Historical Review

YEARLY HIGH

2.7655 MXN

YEARLY LOW

2.3977 MXN

YEARLY AVERAGE

2.5456 MXN

2023 HRK to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.7655. Conversely, the yearly low was recorded on August 27, dropping to 2.3977.

This high-to-low spread represents a total annual volatility of 0.3678 MXN. From a start-to-finish perspective, comparing the January average rate of 2.7153 to the December average rate of 2.4876, the exchange rate registered a net change of -8.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7655 was down 12.08% compared to the 2022 peak of 3.1455, 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 13,828 MXN

2022 Average 14,064 MXN

Yearly Trough Low 11,989 MXN

Transaction Impact: A difference of 1,838.94 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7418

2.4241

JanuMarcMayJulySeptNove

HRK to MXN 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 2.6060, compared to 2.4852 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1208 points.

H1 Avg (Jan–Jun) 2.6060

H2 Avg (Jul–Dec) 2.4852

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1802 MXN (High: 2.6969 / Low: 2.5167). On the other end, June was the most stable month, with a tight range of 0.0414 MXN (High: 2.5069 / Low: 2.4656).

March Spread (Volatile) ±0.1802

June Spread (Stable) ±0.0414

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0750 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0750

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7153) against the same month in 2022 (average: 3.0845), the exchange rate shifted by -0.3692 (-11.97%).

2023 Avg (January) 2.7153

2022 Avg (January) 3.0845

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7655	2.6715	2.7153
February	2.7295	2.5697	2.6403
March	2.6969	2.5167	2.6154
April	2.6623	2.5879	2.6282
May	2.6400	2.5014	2.5555
June	2.5069	2.4656	2.4812
July	2.5107	2.4404	2.4827
August	2.5198	2.3977	2.4592
September	2.5041	2.4152	2.4506
October	2.5741	2.4410	2.5362
November	2.5192	2.4717	2.4947
December	2.5126	2.4706	2.4876