2023 HRK to SAR Historical Review

YEARLY HIGH

0.5596 SAR

YEARLY LOW

0.5211 SAR

YEARLY AVERAGE

0.5386 SAR

2023 HRK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.5596. Conversely, the yearly low was recorded on October 3, dropping to 0.5211.

This high-to-low spread represents a total annual volatility of 0.0385 SAR. From a start-to-finish perspective, comparing the January average rate of 0.5379 to the December average rate of 0.5436, the exchange rate registered a net change of 1.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5596 was down 2.11% compared to the 2022 peak of 0.5717, 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 2,798 SAR

2022 Average 2,626 SAR

Yearly Trough Low 2,606 SAR

Transaction Impact: A difference of 192.67 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5528

0.5235

JanuMarcMayJulySeptNove

HRK to SAR 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 0.5383, compared to 0.5388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.5383

H2 Avg (Jul–Dec) 0.5388

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0236 SAR (High: 0.5484 / Low: 0.5248). On the other end, October was the most stable month, with a tight range of 0.0101 SAR (High: 0.5312 / Low: 0.5211).

February Spread (Volatile) ±0.0236

October Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between February and April, 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 0.0117 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.5504) against the same month in 2022 (average: 0.5092), the exchange rate shifted by +0.0412 (+8.09%).

2023 Avg (July) 0.5504

2022 Avg (July) 0.5092

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5442	0.5248	0.5379
February	0.5484	0.5248	0.5326
March	0.5432	0.5256	0.5335
April	0.5504	0.5382	0.5457
May	0.5510	0.5323	0.5406
June	0.5473	0.5324	0.5396
July	0.5596	0.5402	0.5504
August	0.5483	0.5374	0.5430
September	0.5372	0.5230	0.5314
October	0.5312	0.5211	0.5259
November	0.5477	0.5270	0.5385
December	0.5528	0.5357	0.5436