2023 HRK to PKR Historical Review

YEARLY HIGH

44.1992 PKR

YEARLY LOW

31.7161 PKR

YEARLY AVERAGE

40.1237 PKR

2023 HRK to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 44.1992. Conversely, the yearly low was recorded on January 5, dropping to 31.7161.

This high-to-low spread represents a total annual volatility of 12.4830 PKR. From a start-to-finish perspective, comparing the January average rate of 33.4763 to the December average rate of 40.8709, the exchange rate registered a net change of 22.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 44.1992 was up 35.51% compared to the 2022 peak of 32.6165, 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 220,996 PKR

2022 Average 142,528 PKR

Yearly Trough Low 158,581 PKR

Transaction Impact: A difference of 62,415.19 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

43.3801

32.5759

JanuMarcMayJulySeptNove

HRK to PKR 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 39.1097, compared to 41.1376 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0278 points.

H1 Avg (Jan–Jun) 39.1097

H2 Avg (Jul–Dec) 41.1376

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 6.9138 PKR (High: 38.6299 / Low: 31.7161). On the other end, December was the most stable month, with a tight range of 1.1348 PKR (High: 41.5729 / Low: 40.4382).

January Spread (Volatile) ±6.9138

December Spread (Stable) ±1.1348

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 3.0112 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 42.4797) against the same month in 2022 (average: 29.7495), the exchange rate shifted by +12.7303 (+42.79%).

2023 Avg (August) 42.4797

2022 Avg (August) 29.7495

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.6299	31.7161	33.4763
February	39.2603	35.8722	37.6906
March	41.0597	37.1134	39.8087
April	42.0970	40.5590	41.2625
May	42.8208	40.5087	41.1827
June	41.8462	40.5923	41.2377
July	42.3189	39.6526	41.3211
August	44.1992	41.4158	42.4797
September	43.9217	40.2576	42.1850
October	40.5244	38.6556	39.1738
November	41.7636	39.3752	40.7948
December	41.5729	40.4382	40.8709