2023 HRK to TOP Historical Review

YEARLY HIGH

0.3505 TOP

YEARLY LOW

0.3272 TOP

YEARLY AVERAGE

0.3391 TOP

2023 HRK to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.3505. Conversely, the yearly low was recorded on January 5, dropping to 0.3272.

This high-to-low spread represents a total annual volatility of 0.0233 TOP. From a start-to-finish perspective, comparing the January average rate of 0.3336 to the December average rate of 0.3405, the exchange rate registered a net change of 2.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3505 was up 0.93% compared to the 2022 peak of 0.3473, 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 1,753 TOP

2022 Average 1,628 TOP

Yearly Trough Low 1,636 TOP

Transaction Impact: A difference of 116.50 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3458

0.3305

JanuMarcMayJulySeptNove

HRK to TOP 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 0.3370, compared to 0.3411 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.3370

H2 Avg (Jul–Dec) 0.3411

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0114 TOP (High: 0.3505 / Low: 0.3391). On the other end, August was the most stable month, with a tight range of 0.0040 TOP (High: 0.3462 / Low: 0.3422).

July Spread (Volatile) ±0.0114

August Spread (Stable) ±0.0040

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 0.0055 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3446) against the same month in 2022 (average: 0.3188), the exchange rate shifted by +0.0258 (+8.08%).

2023 Avg (July) 0.3446

2022 Avg (July) 0.3188

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3363	0.3272	0.3336
February	0.3384	0.3293	0.3318
March	0.3408	0.3304	0.3351
April	0.3469	0.3371	0.3423
May	0.3462	0.3364	0.3400
June	0.3431	0.3359	0.3393
July	0.3505	0.3391	0.3446
August	0.3462	0.3422	0.3443
September	0.3418	0.3335	0.3388
October	0.3406	0.3324	0.3361
November	0.3462	0.3379	0.3422
December	0.3443	0.3370	0.3405