2023 TOP to HRK Historical Review

YEARLY HIGH

3.0560 HRK

YEARLY LOW

2.8529 HRK

YEARLY AVERAGE

2.9499 HRK

2023 TOP to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 3.0560. Conversely, the yearly low was recorded on July 14, dropping to 2.8529.

This high-to-low spread represents a total annual volatility of 0.2031 HRK. From a start-to-finish perspective, comparing the January average rate of 2.9980 to the December average rate of 2.9366, the exchange rate registered a net change of -2.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0560 was down 5.57% compared to the 2022 peak of 3.2362, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,280 HRK

2022 Average 15,365 HRK

Yearly Trough Low 14,264 HRK

Transaction Impact: A difference of 1,015.64 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0252

2.8913

JanuMarcMayJulySeptNove

TOP 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 2.9677, compared to 2.9321 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0355 points.

H1 Avg (Jan–Jun) 2.9677

H2 Avg (Jul–Dec) 2.9321

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0961 HRK (High: 2.9490 / Low: 2.8529). On the other end, August was the most stable month, with a tight range of 0.0340 HRK (High: 2.9223 / Low: 2.8882).

July Spread (Volatile) ±0.0961

August Spread (Stable) ±0.0340

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 0.0628 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0628

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9980) against the same month in 2022 (average: 2.9209), the exchange rate shifted by +0.0772 (+2.64%).

2023 Avg (January) 2.9980

2022 Avg (January) 2.9209

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0560	2.9739	2.9980
February	3.0366	2.9550	3.0140
March	3.0263	2.9346	2.9841
April	2.9665	2.8829	2.9213
May	2.9728	2.8882	2.9411
June	2.9769	2.9149	2.9475
July	2.9490	2.8529	2.9025
August	2.9223	2.8882	2.9046
September	2.9987	2.9260	2.9520
October	3.0087	2.9358	2.9750
November	2.9592	2.8887	2.9222
December	2.9677	2.9048	2.9366