2023 HUF to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HUF to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HUF to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 27, valuing the pair at 3.9574. Conversely, the yearly low was recorded on January 10, dropping to 3.3405.
This high-to-low spread represents a total annual volatility of 0.6169 KRW. From a start-to-finish perspective, comparing the January average rate of 3.3949 to the December average rate of 3.7231, the exchange rate registered a net change of 9.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3.9574 was up 2.04% compared to the 2022 peak of 3.8782, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HUF to KRW 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 3.6849, compared to 3.7221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0372 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.2725 KRW (High: 3.7021 / Low: 3.4297). On the other end, December was the most stable month, with a tight range of 0.0705 KRW (High: 3.7644 / Low: 3.6939).
Growth Streaks & Declines
TrendsBetween 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 0.0848 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 3.8585) against the same month in 2022 (average: 3.5676), the exchange rate shifted by +0.2909 (+8.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3.4784 | 3.3405 | 3.3949 |
| February | 3.7021 | 3.4297 | 3.5614 |
| March | 3.7325 | 3.5014 | 3.6297 |
| April | 3.9574 | 3.7068 | 3.8585 |
| May | 3.9573 | 3.7868 | 3.8749 |
| June | 3.8734 | 3.6955 | 3.7901 |
| July | 3.8522 | 3.6290 | 3.7465 |
| August | 3.8171 | 3.6129 | 3.7502 |
| September | 3.7276 | 3.6202 | 3.6836 |
| October | 3.7540 | 3.6516 | 3.7001 |
| November | 3.7879 | 3.6716 | 3.7290 |
| December | 3.7644 | 3.6939 | 3.7231 |