2023 MVR to HRK Historical Review

YEARLY HIGH

0.4683 HRK

YEARLY LOW

0.4352 HRK

YEARLY AVERAGE

0.4533 HRK

2023 MVR to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.4683. Conversely, the yearly low was recorded on July 17, dropping to 0.4352.

This high-to-low spread represents a total annual volatility of 0.0331 HRK. From a start-to-finish perspective, comparing the January average rate of 0.4540 to the December average rate of 0.4489, the exchange rate registered a net change of -1.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4683 was down 7.78% compared to the 2022 peak of 0.5078, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,342 HRK

2022 Average 2,323 HRK

Yearly Trough Low 2,176 HRK

Transaction Impact: A difference of 165.64 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4655

0.4413

JanuMarcMayJulySeptNove

MVR 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 0.4539, compared to 0.4527 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.4539

H2 Avg (Jul–Dec) 0.4527

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0199 HRK (High: 0.4654 / Low: 0.4455). On the other end, August was the most stable month, with a tight range of 0.0077 HRK (High: 0.4532 / Low: 0.4455).

February Spread (Volatile) ±0.0199

August Spread (Stable) ±0.0077

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 March and April, when the average rate fell by 0.0102 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4635) against the same month in 2022 (average: 0.4959), the exchange rate shifted by -0.0324 (-6.54%).

2023 Avg (October) 0.4635

2022 Avg (October) 0.4959

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4647	0.4488	0.4540
February	0.4654	0.4455	0.4588
March	0.4653	0.4487	0.4578
April	0.4543	0.4437	0.4476
May	0.4605	0.4434	0.4521
June	0.4589	0.4467	0.4530
July	0.4513	0.4352	0.4433
August	0.4532	0.4455	0.4494
September	0.4641	0.4533	0.4578
October	0.4683	0.4586	0.4635
November	0.4628	0.4456	0.4534
December	0.4561	0.4413	0.4489