2023 IDR to KRW Historical Review

YEARLY HIGH

0.0915 KRW

YEARLY LOW

0.0795 KRW

YEARLY AVERAGE

0.0857 KRW

2023 IDR to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 1, valuing the pair at 0.0915. Conversely, the yearly low was recorded on January 9, dropping to 0.0795.

This high-to-low spread represents a total annual volatility of 0.0120 KRW. From a start-to-finish perspective, comparing the January average rate of 0.0815 to the December average rate of 0.0841, the exchange rate registered a net change of 3.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0915 was down 3.28% compared to the 2022 peak of 0.0946, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 915,115 KRW

2022 Average 869,471 KRW

Yearly Trough Low 795,288 KRW

Transaction Impact: A difference of 119,827.60 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0902

0.0807

JanuMarcMayJulySeptNove

IDR to KRW 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 0.0860, compared to 0.0854 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0860

H2 Avg (Jul–Dec) 0.0854

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0046 KRW (High: 0.0867 / Low: 0.0821). On the other end, September was the most stable month, with a tight range of 0.0015 KRW (High: 0.0874 / Low: 0.0859).

February Spread (Volatile) ±0.0046

September Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.0895) against the same month in 2022 (average: 0.0869), the exchange rate shifted by +0.0026 (+2.95%).

2023 Avg (May) 0.0895

2022 Avg (May) 0.0869

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0825	0.0795	0.0815
February	0.0867	0.0821	0.0844
March	0.0873	0.0841	0.0853
April	0.0912	0.0871	0.0889
May	0.0915	0.0881	0.0895
June	0.0880	0.0852	0.0867
July	0.0878	0.0843	0.0853
August	0.0877	0.0851	0.0867
September	0.0874	0.0859	0.0868
October	0.0875	0.0844	0.0857
November	0.0848	0.0831	0.0839
December	0.0850	0.0832	0.0841