2023 JPY to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 JPY to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the JPY to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 5, valuing the pair at 10.0599. Conversely, the yearly low was recorded on November 16, dropping to 8.5787.
This high-to-low spread represents a total annual volatility of 1.4812 KRW. From a start-to-finish perspective, comparing the January average rate of 9.5456 to the December average rate of 9.0597, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.0599 was down 5.82% compared to the 2022 peak of 10.6815, indicating shifts in long-term support levels.
Comparing the value generated converting 500,000 JPY based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
JPY to KRW Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.6110, compared to 9.0134 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5976 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 0.5317 KRW (High: 9.9254 / Low: 9.3936). On the other end, September was the most stable month, with a tight range of 0.1339 KRW (High: 9.0874 / Low: 8.9535).
Growth Streaks & Declines
TrendsBetween January and April, 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 May and June, when the average rate fell by 0.5111 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 9.8951) against the same month in 2022 (average: 9.7885), the exchange rate shifted by +0.1065 (+1.09%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.7445 | 9.3873 | 9.5456 |
| February | 9.6956 | 9.4494 | 9.6075 |
| March | 9.9338 | 9.5263 | 9.7711 |
| April | 10.0599 | 9.7348 | 9.8951 |
| May | 9.9254 | 9.3936 | 9.6789 |
| June | 9.4647 | 9.0027 | 9.1677 |
| July | 9.2476 | 8.9778 | 9.1035 |
| August | 9.2217 | 9.0191 | 9.1411 |
| September | 9.0874 | 8.9535 | 9.0245 |
| October | 9.1168 | 8.9338 | 9.0289 |
| November | 8.9540 | 8.5787 | 8.7224 |
| December | 9.1828 | 8.8132 | 9.0597 |