2023 MZN to HRK Historical Review

YEARLY HIGH

0.1126 HRK

YEARLY LOW

0.1050 HRK

YEARLY AVERAGE

0.1091 HRK

2023 MZN to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MZN to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.1126. Conversely, the yearly low was recorded on July 17, dropping to 0.1050.

This high-to-low spread represents a total annual volatility of 0.0076 HRK. From a start-to-finish perspective, comparing the January average rate of 0.1093 to the December average rate of 0.1080, the exchange rate registered a net change of -1.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1126 was down 8.33% compared to the 2022 peak of 0.1229, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 563 HRK

2022 Average 561 HRK

Yearly Trough Low 525 HRK

Transaction Impact: A difference of 38.03 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1122

0.1064

JanuMarcMayJulySeptNove

MZN 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 0.1091, compared to 0.1090 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) 0.1091

H2 Avg (Jul–Dec) 0.1090

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0047 HRK (High: 0.1118 / Low: 0.1071). On the other end, October was the most stable month, with a tight range of 0.0020 HRK (High: 0.1126 / Low: 0.1106).

February Spread (Volatile) ±0.0047

October Spread (Stable) ±0.0020

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 0.0026 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.1117) against the same month in 2022 (average: 0.1198), the exchange rate shifted by -0.0082 (-6.82%).

2023 Avg (October) 0.1117

2022 Avg (October) 0.1198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1121	0.1080	0.1093
February	0.1118	0.1071	0.1102
March	0.1119	0.1081	0.1102
April	0.1091	0.1066	0.1076
May	0.1103	0.1065	0.1086
June	0.1103	0.1073	0.1088
July	0.1096	0.1050	0.1069
August	0.1093	0.1071	0.1082
September	0.1122	0.1094	0.1105
October	0.1126	0.1106	0.1117
November	0.1114	0.1072	0.1090
December	0.1096	0.1062	0.1080