2023 JOD to HRK Historical Review

YEARLY HIGH

10.1456 HRK

YEARLY LOW

9.4515 HRK

YEARLY AVERAGE

9.8241 HRK

2023 JOD to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 10.1456. Conversely, the yearly low was recorded on July 17, dropping to 9.4515.

This high-to-low spread represents a total annual volatility of 0.6941 HRK. From a start-to-finish perspective, comparing the January average rate of 9.8449 to the December average rate of 9.7272, the exchange rate registered a net change of -1.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.1456 was down 8.38% compared to the 2022 peak of 11.0735, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 50,728 HRK

2022 Average 50,529 HRK

Yearly Trough Low 47,258 HRK

Transaction Impact: A difference of 3,470.30 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.0974

9.5659

JanuMarcMayJulySeptNove

JOD 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 9.8270, compared to 9.8212 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 9.8270

H2 Avg (Jul–Dec) 9.8212

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.4251 HRK (High: 10.0714 / Low: 9.6463). On the other end, October was the most stable month, with a tight range of 0.1891 HRK (High: 10.1456 / Low: 9.9565).

February Spread (Volatile) ±0.4251

October Spread (Stable) ±0.1891

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 0.2337 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2337

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 10.0531) against the same month in 2022 (average: 10.7976), the exchange rate shifted by -0.7445 (-6.90%).

2023 Avg (October) 10.0531

2022 Avg (October) 10.7976

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.0961	9.7260	9.8449
February	10.0714	9.6463	9.9292
March	10.0681	9.7398	9.9201
April	9.8297	9.6061	9.6910
May	9.9334	9.5949	9.7793
June	9.9307	9.6626	9.7976
July	9.7845	9.4515	9.6102
August	9.8588	9.6614	9.7569
September	10.1042	9.8593	9.9606
October	10.1456	9.9565	10.0531
November	10.0342	9.6486	9.8194
December	9.8685	9.5587	9.7272