2023 HRK to NAD Historical Review

YEARLY HIGH

2.8706 NAD

YEARLY LOW

2.3585 NAD

YEARLY AVERAGE

2.6553 NAD

2023 HRK to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 2.8706. Conversely, the yearly low was recorded on January 5, dropping to 2.3585.

This high-to-low spread represents a total annual volatility of 0.5121 NAD. From a start-to-finish perspective, comparing the January average rate of 2.4458 to the December average rate of 2.7077, the exchange rate registered a net change of 10.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8706 was up 15.37% compared to the 2022 peak of 2.4882, 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 14,353 NAD

2022 Average 11,377 NAD

Yearly Trough Low 11,793 NAD

Transaction Impact: A difference of 2,560.32 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7811

2.4153

JanuMarcMayJulySeptNove

HRK to NAD 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 2.6118, compared to 2.6989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0872 points.

H1 Avg (Jan–Jun) 2.6118

H2 Avg (Jul–Dec) 2.6989

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2549 NAD (High: 2.8433 / Low: 2.5884). On the other end, March was the most stable month, with a tight range of 0.0711 NAD (High: 2.6338 / Low: 2.5626).

November Spread (Volatile) ±0.2549

March Spread (Stable) ±0.0711

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0556 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0556

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 2.7283) against the same month in 2022 (average: 2.2504), the exchange rate shifted by +0.4778 (+21.23%).

2023 Avg (August) 2.7283

2022 Avg (August) 2.2504

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4961	2.3585	2.4458
February	2.5937	2.4275	2.5380
March	2.6338	2.5626	2.5970
April	2.7002	2.5426	2.6442
May	2.8074	2.6744	2.7506
June	2.8164	2.6372	2.6950
July	2.7445	2.5719	2.6772
August	2.8706	2.6553	2.7283
September	2.7390	2.6359	2.6881
October	2.8327	2.6292	2.7002
November	2.8433	2.5884	2.6921
December	2.7855	2.6432	2.7077