2023 HRK to PEN Historical Review

YEARLY HIGH

0.5642 PEN

YEARLY LOW

0.5206 PEN

YEARLY AVERAGE

0.5369 PEN

2023 HRK to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 0.5642. Conversely, the yearly low was recorded on June 12, dropping to 0.5206.

This high-to-low spread represents a total annual volatility of 0.0436 PEN. From a start-to-finish perspective, comparing the January average rate of 0.5475 to the December average rate of 0.5414, the exchange rate registered a net change of -1.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5642 was down 6.53% compared to the 2022 peak of 0.6036, 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 2,821 PEN

2022 Average 2,679 PEN

Yearly Trough Low 2,603 PEN

Transaction Impact: A difference of 217.98 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5498

0.5223

JanuMarcMayJulySeptNove

HRK to PEN 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 0.5385, compared to 0.5352 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.5385

H2 Avg (Jul–Dec) 0.5352

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0330 PEN (High: 0.5642 / Low: 0.5312). On the other end, June was the most stable month, with a tight range of 0.0097 PEN (High: 0.5303 / Low: 0.5206).

January Spread (Volatile) ±0.0330

June Spread (Stable) ±0.0097

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 April and May, when the average rate fell by 0.0155 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5475) against the same month in 2022 (average: 0.5858), the exchange rate shifted by -0.0384 (-6.55%).

2023 Avg (January) 0.5475

2022 Avg (January) 0.5858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5642	0.5312	0.5475
February	0.5620	0.5322	0.5448
March	0.5457	0.5288	0.5367
April	0.5535	0.5379	0.5465
May	0.5452	0.5212	0.5310
June	0.5303	0.5206	0.5246
July	0.5330	0.5226	0.5280
August	0.5396	0.5270	0.5344
September	0.5330	0.5231	0.5276
October	0.5491	0.5276	0.5383
November	0.5574	0.5335	0.5414
December	0.5519	0.5351	0.5414