YEARLY HIGH
636.2104 MGA
YEARLY LOW
588.0480 MGA
YEARLY AVERAGE
605.1930 MGA

2021 HRK to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HRK to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 636.2104. Conversely, the yearly low was recorded on March 31, dropping to 588.0480.

This high-to-low spread represents a total annual volatility of 48.1625 MGA. From a start-to-finish perspective, comparing the January average rate of 612.7953 to the December average rate of 596.2676, the exchange rate registered a net change of -2.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 636.2104 was up 0.74% compared to the 2020 peak of 631.5105, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,181,052 MGA
2020 Average 2,886,327 MGA
Yearly Trough Low 2,940,240 MGA
Transaction Impact: A difference of 240,812.28 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

619.5462
589.8980
JanuMarcMayJulySeptNove

HRK to MGA 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 603.1268, compared to 607.2592 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.1324 points.

H1 Avg (Jan–Jun) 603.1268
H2 Avg (Jul–Dec) 607.2592

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 35.1359 MGA (High: 636.2104 / Low: 601.0745). On the other end, March was the most stable month, with a tight range of 10.3199 MGA (High: 598.3679 / Low: 588.0480).

January Spread (Volatile) ±35.1359
March Spread (Stable) ±10.3199

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 11.9688 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -11.9688

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2021: 612.7953) against the same month in 2020 (average: 549.0706), the exchange rate shifted by +63.7248 (+11.61%).

2021 Avg (January) 612.7953
2020 Avg (January) 549.0706

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 636.2104 601.0745 612.7953
February 605.6859 591.6027 600.8265
March 598.3679 588.0480 592.3687
April 609.7962 588.9560 598.8072
May 612.5904 601.2104 607.1702
June 624.9533 593.6116 606.7929
July 619.9054 592.7228 605.0771
August 617.4429 598.4901 610.8239
September 621.8318 609.1850 617.0756
October 618.0639 602.3957 610.8291
November 613.4455 593.2663 603.4821
December 600.8598 588.5433 596.2676