2023 HRK to TZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HRK to TZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HRK to TZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 370.5463. Conversely, the yearly low was recorded on January 5, dropping to 325.6447.
This high-to-low spread represents a total annual volatility of 44.9017 TZS. From a start-to-finish perspective, comparing the January average rate of 334.2203 to the December average rate of 364.0980, the exchange rate registered a net change of 8.94% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 370.5463 was up 5.22% compared to the 2022 peak of 352.1723, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HRK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HRK to TZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 337.0298, compared to 358.1602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.1304 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 17.4483 TZS (High: 364.5263 / Low: 347.0780). On the other end, October was the most stable month, with a tight range of 5.3998 TZS (High: 354.1429 / Low: 348.7431).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 6.1692 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 364.0980) against the same month in 2022 (average: 327.4735), the exchange rate shifted by +36.6245 (+11.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 338.0372 | 325.6447 | 334.2203 |
| February | 340.7837 | 327.1902 | 331.6104 |
| March | 337.5102 | 326.5057 | 331.6799 |
| April | 344.9955 | 334.4244 | 341.0802 |
| May | 345.9873 | 335.6629 | 340.0805 |
| June | 349.9169 | 336.1813 | 343.5076 |
| July | 364.5263 | 347.0780 | 358.1047 |
| August | 364.5556 | 356.6045 | 361.1271 |
| September | 359.0458 | 349.9754 | 354.9579 |
| October | 354.1429 | 348.7431 | 351.2773 |
| November | 365.6984 | 350.9300 | 359.3960 |
| December | 370.5463 | 358.0629 | 364.0980 |