2023 HRK to ZAR Historical Review

YEARLY HIGH

2.8157 ZAR

YEARLY LOW

2.3774 ZAR

YEARLY AVERAGE

2.6484 ZAR

2023 HRK to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 2.8157. Conversely, the yearly low was recorded on January 4, dropping to 2.3774.

This high-to-low spread represents a total annual volatility of 0.4384 ZAR. From a start-to-finish perspective, comparing the January average rate of 2.4454 to the December average rate of 2.6949, the exchange rate registered a net change of 10.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8157 was up 13.40% compared to the 2022 peak of 2.4831, 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 14,079 ZAR

2022 Average 11,421 ZAR

Yearly Trough Low 11,887 ZAR

Transaction Impact: A difference of 2,191.82 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7834

2.4146

JanuMarcMayJulySeptNove

HRK to ZAR 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 2.6127, compared to 2.6840 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0713 points.

H1 Avg (Jan–Jun) 2.6127

H2 Avg (Jul–Dec) 2.6840

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.2086 ZAR (High: 2.7832 / Low: 2.5746). On the other end, December was the most stable month, with a tight range of 0.0964 ZAR (High: 2.7476 / Low: 2.6512).

July Spread (Volatile) ±0.2086

December Spread (Stable) ±0.0964

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0571 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 2.7527) against the same month in 2022 (average: 2.2301), the exchange rate shifted by +0.5226 (+23.43%).

2023 Avg (May) 2.7527

2022 Avg (May) 2.2301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5089	2.3774	2.4454
February	2.5932	2.4729	2.5444
March	2.6589	2.5593	2.5959
April	2.6912	2.5566	2.6425
May	2.8157	2.6735	2.7527
June	2.8029	2.6351	2.6956
July	2.7832	2.5746	2.6726
August	2.7720	2.6654	2.7191
September	2.7406	2.6403	2.6871
October	2.7315	2.6184	2.6686
November	2.7306	2.5932	2.6618
December	2.7476	2.6512	2.6949