2023 TND to HRK Historical Review

YEARLY HIGH

2.2969 HRK

YEARLY LOW

2.1897 HRK

YEARLY AVERAGE

2.2452 HRK

2023 TND to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 2.2969. Conversely, the yearly low was recorded on April 23, dropping to 2.1897.

This high-to-low spread represents a total annual volatility of 0.1072 HRK. From a start-to-finish perspective, comparing the January average rate of 2.2596 to the December average rate of 2.2268, the exchange rate registered a net change of -1.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2969 was down 7.53% compared to the 2022 peak of 2.4841, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,485 HRK

2022 Average 11,623 HRK

Yearly Trough Low 10,949 HRK

Transaction Impact: A difference of 536.04 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2711

2.2180

JanuMarcMayJulySeptNove

TND 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 2.2560, compared to 2.2344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0216 points.

H1 Avg (Jan–Jun) 2.2560

H2 Avg (Jul–Dec) 2.2344

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0977 HRK (High: 2.2874 / Low: 2.1897). On the other end, October was the most stable month, with a tight range of 0.0318 HRK (High: 2.2622 / Low: 2.2304).

April Spread (Volatile) ±0.0977

October Spread (Stable) ±0.0318

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.0244 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0244

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.2667) against the same month in 2022 (average: 2.3069), the exchange rate shifted by -0.0402 (-1.74%).

2023 Avg (February) 2.2667

2022 Avg (February) 2.3069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2912	2.2326	2.2596
February	2.2969	2.2438	2.2667
March	2.2919	2.2164	2.2551
April	2.2874	2.1897	2.2456
May	2.2806	2.2372	2.2624
June	2.2781	2.2221	2.2468
July	2.2459	2.1967	2.2224
August	2.2571	2.2168	2.2348
September	2.2716	2.2359	2.2495
October	2.2622	2.2304	2.2479
November	2.2450	2.2053	2.2250
December	2.2557	2.2033	2.2268