2023 TRY to HRK Historical Review

YEARLY HIGH

0.3815 HRK

YEARLY LOW

0.2303 HRK

YEARLY AVERAGE

0.3024 HRK

2023 TRY to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.3815. Conversely, the yearly low was recorded on December 28, dropping to 0.2303.

This high-to-low spread represents a total annual volatility of 0.1511 HRK. From a start-to-finish perspective, comparing the January average rate of 0.3719 to the December average rate of 0.2372, the exchange rate registered a net change of -36.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3815 was down 25.10% compared to the 2022 peak of 0.5093, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 19,074 HRK

2022 Average 21,820 HRK

Yearly Trough Low 11,517 HRK

Transaction Impact: A difference of 7,557.19 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3874

0.2235

JanuMarcMayJulySeptNove

TRY 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 0.3528, compared to 0.2519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1009 points.

H1 Avg (Jan–Jun) 0.3528

H2 Avg (Jul–Dec) 0.2519

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0712 HRK (High: 0.3357 / Low: 0.2645). On the other end, September was the most stable month, with a tight range of 0.0031 HRK (High: 0.2629 / Low: 0.2597).

June Spread (Volatile) ±0.0712

September Spread (Stable) ±0.0031

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0564 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0564

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3719) against the same month in 2022 (average: 0.4913), the exchange rate shifted by -0.1194 (-24.31%).

2023 Avg (January) 0.3719

2022 Avg (January) 0.4913

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3815	0.3668	0.3719
February	0.3785	0.3636	0.3737
March	0.3774	0.3602	0.3704
April	0.3632	0.3511	0.3554
May	0.3547	0.3394	0.3509
June	0.3357	0.2645	0.2946
July	0.2683	0.2490	0.2575
August	0.2689	0.2529	0.2567
September	0.2629	0.2597	0.2613
October	0.2617	0.2511	0.2558
November	0.2513	0.2367	0.2430
December	0.2420	0.2303	0.2372