YEARLY HIGH
0.0113 SAR
YEARLY LOW
0.0099 SAR
YEARLY AVERAGE
0.0106 SAR

2023 HUF to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HUF to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0113. Conversely, the yearly low was recorded on January 3, dropping to 0.0099.

This high-to-low spread represents a total annual volatility of 0.0014 SAR. From a start-to-finish perspective, comparing the January average rate of 0.0103 to the December average rate of 0.0107, the exchange rate registered a net change of 4.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0113 was down 7.29% compared to the 2022 peak of 0.0122, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 11,276 SAR
2022 Average 10,163 SAR
Yearly Trough Low 9,906 SAR
Transaction Impact: A difference of 1,370.09 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0110
0.0102
JanuMarcMayJulySeptNove

HUF to SAR 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 0.0107, compared to 0.0106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0107
H2 Avg (Jul–Dec) 0.0106

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0007 SAR (High: 0.0108 / Low: 0.0100). On the other end, June was the most stable month, with a tight range of 0.0003 SAR (High: 0.0112 / Low: 0.0108).

March Spread (Volatile) ±0.0007
June Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between January and April, 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 July and August, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0109) against the same month in 2022 (average: 0.0095), the exchange rate shifted by +0.0014 (+15.01%).

2023 Avg (July) 0.0109
2022 Avg (July) 0.0095

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0106 0.0099 0.0103
February 0.0107 0.0102 0.0104
March 0.0108 0.0100 0.0104
April 0.0111 0.0106 0.0110
May 0.0111 0.0108 0.0109
June 0.0112 0.0108 0.0110
July 0.0113 0.0106 0.0109
August 0.0108 0.0104 0.0106
September 0.0106 0.0100 0.0104
October 0.0105 0.0101 0.0103
November 0.0109 0.0104 0.0107
December 0.0109 0.0105 0.0107