2023 IQD to HRK Historical Review

YEARLY HIGH

0.0055 HRK

YEARLY LOW

0.0047 HRK

YEARLY AVERAGE

0.0051 HRK

2023 IQD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0055. Conversely, the yearly low was recorded on April 13, dropping to 0.0047.

This high-to-low spread represents a total annual volatility of 0.0008 HRK. From a start-to-finish perspective, comparing the January average rate of 0.0048 to the December average rate of 0.0053, the exchange rate registered a net change of 10.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0055 was up 2.18% compared to the 2022 peak of 0.0054, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 IQD based on timing:

Yearly Peak High 27 HRK

2022 Average 25 HRK

Yearly Trough Low 23 HRK

Transaction Impact: A difference of 4.14 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0055

0.0047

JanuMarcMayJulySeptNove

IQD to HRK 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 0.0050, compared to 0.0053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0050

H2 Avg (Jul–Dec) 0.0053

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0007 HRK (High: 0.0054 / Low: 0.0047). On the other end, October was the most stable month, with a tight range of 0.0001 HRK (High: 0.0055 / Low: 0.0054).

May Spread (Volatile) ±0.0007

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.0001 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0054) against the same month in 2022 (average: 0.0052), the exchange rate shifted by +0.0002 (+3.85%).

2023 Avg (October) 0.0054

2022 Avg (October) 0.0052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0049	0.0047	0.0048
February	0.0049	0.0047	0.0048
March	0.0049	0.0047	0.0048
April	0.0052	0.0047	0.0047
May	0.0054	0.0047	0.0053
June	0.0054	0.0052	0.0053
July	0.0053	0.0051	0.0052
August	0.0053	0.0052	0.0053
September	0.0055	0.0053	0.0054
October	0.0055	0.0054	0.0054
November	0.0054	0.0052	0.0053
December	0.0053	0.0052	0.0053