2023 HRK to XOF Historical Review

YEARLY HIGH

88.2286 XOF

YEARLY LOW

85.5712 XOF

YEARLY AVERAGE

87.0059 XOF

2023 HRK to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 88.2286. Conversely, the yearly low was recorded on May 6, dropping to 85.5712.

This high-to-low spread represents a total annual volatility of 2.6574 XOF. From a start-to-finish perspective, comparing the January average rate of 87.0685 to the December average rate of 87.0279, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 88.2286 was up 0.10% compared to the 2022 peak of 88.1435, 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 441,143 XOF

2022 Average 435,286 XOF

Yearly Trough Low 427,856 XOF

Transaction Impact: A difference of 13,287.19 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

87.0920

86.8107

JanuMarcMayJulySeptNove

HRK to XOF 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 86.9738, compared to 87.0380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0642 points.

H1 Avg (Jan–Jun) 86.9738

H2 Avg (Jul–Dec) 87.0380

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.5008 XOF (High: 87.0720 / Low: 85.5712). On the other end, October was the most stable month, with a tight range of 0.0653 XOF (High: 87.0714 / Low: 87.0060).

May Spread (Volatile) ±1.5008

October Spread (Stable) ±0.0653

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 0.1506 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1506

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 87.0685) against the same month in 2022 (average: 87.1757), the exchange rate shifted by -0.1071 (-0.12%).

2023 Avg (January) 87.0685

2022 Avg (January) 87.1757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	88.2286	86.8854	87.0685
February	87.0765	86.7396	87.0123
March	87.0872	86.1720	86.9847
April	87.0724	86.1964	86.8342
May	87.0720	85.5712	86.9084
June	87.0742	86.8975	87.0349
July	87.0700	86.9354	87.0413
August	87.1764	86.9262	87.0393
September	87.0712	86.9064	87.0284
October	87.0714	87.0060	87.0499
November	87.0717	86.9562	87.0415
December	87.0764	86.9169	87.0279