2023 BGN to KWD Historical Review

YEARLY HIGH

0.1760 KWD

YEARLY LOW

0.1650 KWD

YEARLY AVERAGE

0.1700 KWD

2023 BGN to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.1760. Conversely, the yearly low was recorded on January 5, dropping to 0.1650.

This high-to-low spread represents a total annual volatility of 0.0109 KWD. From a start-to-finish perspective, comparing the January average rate of 0.1685 to the December average rate of 0.1719, the exchange rate registered a net change of 2.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1760 was down 0.51% compared to the 2022 peak of 0.1769, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 880 KWD

2022 Average 825 KWD

Yearly Trough Low 825 KWD

Transaction Impact: A difference of 54.73 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1741

0.1664

JanuMarcMayJulySeptNove

BGN to KWD 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 0.1694, compared to 0.1705 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.1694

H2 Avg (Jul–Dec) 0.1705

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0062 KWD (High: 0.1733 / Low: 0.1672). On the other end, April was the most stable month, with a tight range of 0.0025 KWD (High: 0.1732 / Low: 0.1707).

November Spread (Volatile) ±0.0062

April Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0032 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1734) against the same month in 2022 (average: 0.1602), the exchange rate shifted by +0.0132 (+8.26%).

2023 Avg (July) 0.1734

2022 Avg (July) 0.1602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1701	0.1650	0.1685
February	0.1702	0.1656	0.1674
March	0.1708	0.1658	0.1679
April	0.1732	0.1707	0.1719
May	0.1733	0.1681	0.1705
June	0.1725	0.1682	0.1703
July	0.1760	0.1705	0.1734
August	0.1732	0.1703	0.1718
September	0.1703	0.1661	0.1685
October	0.1686	0.1654	0.1671
November	0.1733	0.1672	0.1706
December	0.1743	0.1696	0.1719