2023 HRK to SGD Historical Review

YEARLY HIGH

0.1972 SGD

YEARLY LOW

0.1879 SGD

YEARLY AVERAGE

0.1928 SGD

2023 HRK to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.1972. Conversely, the yearly low was recorded on January 5, dropping to 0.1879.

This high-to-low spread represents a total annual volatility of 0.0093 SGD. From a start-to-finish perspective, comparing the January average rate of 0.1897 to the December average rate of 0.1929, the exchange rate registered a net change of 1.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1972 was down 3.87% compared to the 2022 peak of 0.2051, 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 986 SGD

2022 Average 963 SGD

Yearly Trough Low 940 SGD

Transaction Impact: A difference of 46.32 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1966

0.1886

JanuMarcMayJulySeptNove

HRK to SGD 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 0.1917, compared to 0.1938 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.1917

H2 Avg (Jul–Dec) 0.1938

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0049 SGD (High: 0.1963 / Low: 0.1913). On the other end, February was the most stable month, with a tight range of 0.0023 SGD (High: 0.1908 / Low: 0.1885).

June Spread (Volatile) ±0.0049

February Spread (Stable) ±0.0023

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 0.0024 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0024

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1959) against the same month in 2022 (average: 0.1891), the exchange rate shifted by +0.0068 (+3.59%).

2023 Avg (July) 0.1959

2022 Avg (July) 0.1891

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1908	0.1879	0.1897
February	0.1908	0.1885	0.1892
March	0.1922	0.1895	0.1905
April	0.1957	0.1913	0.1938
May	0.1954	0.1918	0.1931
June	0.1963	0.1913	0.1937
July	0.1972	0.1939	0.1959
August	0.1967	0.1942	0.1956
September	0.1942	0.1914	0.1932
October	0.1935	0.1908	0.1919
November	0.1948	0.1920	0.1936
December	0.1946	0.1915	0.1929