2023 HRK to TRY Historical Review

YEARLY HIGH

4.3415 TRY

YEARLY LOW

2.6214 TRY

YEARLY AVERAGE

3.4163 TRY

2023 HRK to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 4.3415. Conversely, the yearly low was recorded on January 5, dropping to 2.6214.

This high-to-low spread represents a total annual volatility of 1.7201 TRY. From a start-to-finish perspective, comparing the January average rate of 2.6893 to the December average rate of 4.2176, the exchange rate registered a net change of 56.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4.3415 was up 63.62% compared to the 2022 peak of 2.6534, 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 21,707 TRY

2022 Average 11,537 TRY

Yearly Trough Low 13,107 TRY

Transaction Impact: A difference of 8,600.55 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4.3718

2.5218

JanuMarcMayJulySeptNove

HRK to TRY 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 2.8571, compared to 3.9755 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1184 points.

H1 Avg (Jan–Jun) 2.8571

H2 Avg (Jul–Dec) 3.9755

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.8023 TRY (High: 3.7812 / Low: 2.9789). On the other end, September was the most stable month, with a tight range of 0.0458 TRY (High: 3.8500 / Low: 3.8042).

June Spread (Volatile) ±0.8023

September Spread (Stable) ±0.0458

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0702 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0702

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 4.2176) against the same month in 2022 (average: 2.6178), the exchange rate shifted by +1.5998 (+61.11%).

2023 Avg (December) 4.2176

2022 Avg (December) 2.6178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7263	2.6214	2.6893
February	2.7501	2.6418	2.6760
March	2.7760	2.6495	2.6999
April	2.8481	2.7534	2.8139
May	2.9462	2.8193	2.8498
June	3.7812	2.9789	3.4138
July	4.0165	3.7272	3.8851
August	3.9539	3.7186	3.8969
September	3.8500	3.8042	3.8267
October	3.9823	3.8207	3.9105
November	4.2239	3.9797	4.1160
December	4.3415	4.1315	4.2176