2023 HRK to NPR Historical Review

YEARLY HIGH

19.7284 NPR

YEARLY LOW

18.2696 NPR

YEARLY AVERAGE

18.9596 NPR

2023 HRK to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 19.7284. Conversely, the yearly low was recorded on March 7, dropping to 18.2696.

This high-to-low spread represents a total annual volatility of 1.4588 NPR. From a start-to-finish perspective, comparing the January average rate of 18.7456 to the December average rate of 19.3204, the exchange rate registered a net change of 3.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.7284 was up 5.15% compared to the 2022 peak of 18.7624, 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 98,642 NPR

2022 Average 87,798 NPR

Yearly Trough Low 91,348 NPR

Transaction Impact: A difference of 7,294.12 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.3870

18.5875

JanuMarcMayJulySeptNove

HRK to NPR 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 18.8591, compared to 19.0601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2010 points.

H1 Avg (Jan–Jun) 18.8591

H2 Avg (Jul–Dec) 19.0601

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.8539 NPR (High: 19.7284 / Low: 18.8745). On the other end, October was the most stable month, with a tight range of 0.3305 NPR (High: 18.8363 / Low: 18.5058).

July Spread (Volatile) ±0.8539

October Spread (Stable) ±0.3305

Growth Streaks & Declines

Trends

Between October and December, 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 0.3643 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3643

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 19.2757) against the same month in 2022 (average: 17.2434), the exchange rate shifted by +2.0323 (+11.79%).

2023 Avg (July) 19.2757

2022 Avg (July) 17.2434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9292	18.4876	18.7456
February	19.1654	18.5215	18.7606
March	19.0732	18.2696	18.6901
April	19.2069	18.8142	19.0608
May	19.2202	18.7741	18.9769
June	19.1366	18.7112	18.9207
July	19.7284	18.8745	19.2757
August	19.3620	18.9480	19.1806
September	18.9653	18.5825	18.8163
October	18.8363	18.5058	18.6542
November	19.4600	18.7195	19.1135
December	19.6605	19.0570	19.3204