Background Wearable heart rate (HR) monitors collect minute-level HR continuously across days, yet these data are commonly reduced to scalars such as resting HR (RHR) and heart rate reserve (HRR), defined as the difference between maximum HR and RHR. This discards two dimensions of within-day HR dynamics: how HR range varies across the day and the magnitude and duration of individual HR rises and declines. We introduce diurnal heart rate range (dHRR), a time-of-day-specific measure of HR range across repeated days, and heart rate excursions (HREs), individual HR rises and declines characterized by amplitude and duration. Methods We analyzed minute-level HR from 750 participants in the Baltimore Longitudinal Study of Aging (mean [SD] age, 66 [12] years). We estimated the 5th, 50th, and 95th HR percentiles at each minute of the 24-hour cycle across repeated days, defining diurnal HR (dHR) as the median curve and dHRR as the 95th minus 5th percentile curve. A moving-average algorithm segmented HR into HREs. Function-on-scalar regression modeled dHR and dHRR by age, sex,and BMI across the day; local polynomial regression examined age and sex differences in HRR and HREs. Results Conventional HRR decreased with age, indicating a smaller overall observed HR range. Age-related differences in dHR varied substantially across the day: between ages 40 and 80, fitted dHR was approximately 2 bpm lower at 3:00 AM but 8 bpm lower at 6:00 PM. dHRR showed that this contraction was not uniform across the day: the evening peak near 6:00 PM at younger ages was largely absent by age 70, while the morning peak shifted from approximately 9:00 AM toward noon. At the event level, HREs showed two parallel age-related changes: between ages 40 and 80, mean excursion amplitude decreased from approximately 40 to 32 bpm, while mean excursion duration increased from approximately 90 to 104 minutes. Conclusions Aging was characterized by a smaller global HR range, compression and reorganization of HR range across the day, and smaller, longer-lasting HREs. dHRR and HREs provide complementary views of the diurnal organization and event-level dynamics of wearable HR and are implemented in the open-source ihr R package.