2023 ZAR to HRK Historical Review

YEARLY HIGH

0.4206 HRK

YEARLY LOW

0.3551 HRK

YEARLY AVERAGE

0.3780 HRK

2023 ZAR to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.4206. Conversely, the yearly low was recorded on May 25, dropping to 0.3551.

This high-to-low spread represents a total annual volatility of 0.0655 HRK. From a start-to-finish perspective, comparing the January average rate of 0.4090 to the December average rate of 0.3711, the exchange rate registered a net change of -9.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4206 was down 12.39% compared to the 2022 peak of 0.4801, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,032 HRK

2022 Average 21,919 HRK

Yearly Trough Low 17,757 HRK

Transaction Impact: A difference of 3,274.26 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4136

0.3588

JanuMarcMayJulySeptNove

ZAR 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 0.3834, compared to 0.3727 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 0.3834

H2 Avg (Jul–Dec) 0.3727

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0291 HRK (High: 0.3884 / Low: 0.3593). On the other end, December was the most stable month, with a tight range of 0.0132 HRK (High: 0.3772 / Low: 0.3640).

July Spread (Volatile) ±0.0291

December Spread (Stable) ±0.0132

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 0.0159 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4090) against the same month in 2022 (average: 0.4289), the exchange rate shifted by -0.0199 (-4.63%).

2023 Avg (January) 0.4090

2022 Avg (January) 0.4289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4206	0.3986	0.4090
February	0.4044	0.3856	0.3931
March	0.3907	0.3761	0.3853
April	0.3911	0.3716	0.3785
May	0.3740	0.3551	0.3634
June	0.3795	0.3568	0.3711
July	0.3884	0.3593	0.3744
August	0.3752	0.3608	0.3678
September	0.3787	0.3649	0.3722
October	0.3819	0.3661	0.3748
November	0.3856	0.3662	0.3758
December	0.3772	0.3640	0.3711