2023 HRK to RSD Historical Review

YEARLY HIGH

15.7813 RSD

YEARLY LOW

15.4043 RSD

YEARLY AVERAGE

15.5598 RSD

2023 HRK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 15.7813. Conversely, the yearly low was recorded on March 18, dropping to 15.4043.

This high-to-low spread represents a total annual volatility of 0.3770 RSD. From a start-to-finish perspective, comparing the January average rate of 15.5801 to the December average rate of 15.5542, the exchange rate registered a net change of -0.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 15.7813 was up 0.02% compared to the 2022 peak of 15.7779, 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 78,907 RSD

2022 Average 77,939 RSD

Yearly Trough Low 77,022 RSD

Transaction Impact: A difference of 1,884.91 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

15.5830

15.5479

JanuMarcMayJulySeptNove

HRK to RSD 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 15.5605, compared to 15.5591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 15.5605

H2 Avg (Jul–Dec) 15.5591

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.2727 RSD (High: 15.7791 / Low: 15.5064). On the other end, July was the most stable month, with a tight range of 0.0275 RSD (High: 15.5689 / Low: 15.5414).

November Spread (Volatile) ±0.2727

July Spread (Stable) ±0.0275

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0155 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0155

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 15.5801) against the same month in 2022 (average: 15.6246), the exchange rate shifted by -0.0445 (-0.29%).

2023 Avg (January) 15.5801

2022 Avg (January) 15.6246

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.7813	15.5312	15.5801
February	15.5807	15.5264	15.5645
March	15.6184	15.4043	15.5551
April	15.5846	15.4274	15.5509
May	15.5687	15.4805	15.5559
June	15.5678	15.5234	15.5563
July	15.5689	15.5414	15.5557
August	15.5884	15.5383	15.5616
September	15.5955	15.5311	15.5631
October	15.6664	15.5146	15.5618
November	15.7791	15.5064	15.5583
December	15.6043	15.5275	15.5542