2023 HRK to NGN Historical Review

YEARLY HIGH

131.8284 NGN

YEARLY LOW

62.6223 NGN

YEARLY AVERAGE

91.0634 NGN

2023 HRK to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 131.8284. Conversely, the yearly low was recorded on January 5, dropping to 62.6223.

This high-to-low spread represents a total annual volatility of 69.2062 NGN. From a start-to-finish perspective, comparing the January average rate of 65.0994 to the December average rate of 117.4260, the exchange rate registered a net change of 80.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 131.8284 was up 107.19% compared to the 2022 peak of 63.6278, 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 659,142 NGN

2022 Average 296,060 NGN

Yearly Trough Low 313,111 NGN

Transaction Impact: A difference of 346,030.83 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

122.6587

59.8667

JanuMarcMayJulySeptNove

HRK to NGN 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 69.2966, compared to 112.8301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 43.5335 points.

H1 Avg (Jan–Jun) 69.2966

H2 Avg (Jul–Dec) 112.8301

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 53.5109 NGN (High: 119.0180 / Low: 65.5071). On the other end, April was the most stable month, with a tight range of 1.7644 NGN (High: 67.7802 / Low: 66.0158).

June Spread (Volatile) ±53.5109

April Spread (Stable) ±1.7644

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 2.9255 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -2.9255

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 117.4260) against the same month in 2022 (average: 62.5086), the exchange rate shifted by +54.9174 (+87.86%).

2023 Avg (December) 117.4260

2022 Avg (December) 62.5086

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	66.3916	62.6223	65.0994
February	67.2928	64.2441	65.3566
March	66.6346	64.2618	65.3199
April	67.7802	66.0158	67.0978
May	67.6634	65.4365	66.4983
June	119.0180	65.5071	86.4078
July	117.7092	109.9719	114.0271
August	113.0804	108.4724	111.1016
September	112.2152	106.3218	109.6632
October	124.2511	106.2946	109.7657
November	119.2436	110.6016	114.9972
December	131.8284	111.8156	117.4260