2023 FKP to KWD Historical Review

YEARLY HIGH

0.4020 KWD

YEARLY LOW

0.3634 KWD

YEARLY AVERAGE

0.3822 KWD

2023 FKP to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.4020. Conversely, the yearly low was recorded on March 7, dropping to 0.3634.

This high-to-low spread represents a total annual volatility of 0.0386 KWD. From a start-to-finish perspective, comparing the January average rate of 0.3741 to the December average rate of 0.3900, the exchange rate registered a net change of 4.23% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4020 was down 3.00% compared to the 2022 peak of 0.4144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,010 KWD

2022 Average 1,894 KWD

Yearly Trough Low 1,817 KWD

Transaction Impact: A difference of 192.81 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3976

0.3666

JanuMarcMayJulySeptNove

FKP 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 0.3780, compared to 0.3864 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.3780

H2 Avg (Jul–Dec) 0.3864

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0164 KWD (High: 0.3799 / Low: 0.3634). On the other end, August was the most stable month, with a tight range of 0.0053 KWD (High: 0.3935 / Low: 0.3881).

March Spread (Volatile) ±0.0164

August Spread (Stable) ±0.0053

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0087 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0087

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3951) against the same month in 2022 (average: 0.3693), the exchange rate shifted by +0.0258 (+6.99%).

2023 Avg (July) 0.3951

2022 Avg (July) 0.3693

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3791	0.3653	0.3741
February	0.3777	0.3667	0.3692
March	0.3799	0.3634	0.3721
April	0.3854	0.3768	0.3813
May	0.3871	0.3789	0.3829
June	0.3937	0.3821	0.3883
July	0.4020	0.3880	0.3951
August	0.3935	0.3881	0.3911
September	0.3892	0.3754	0.3824
October	0.3807	0.3734	0.3764
November	0.3919	0.3765	0.3833
December	0.3931	0.3869	0.3900