2023 KES to NPR Historical Review

YEARLY HIGH

1.0742 NPR

YEARLY LOW

0.8478 NPR

YEARLY AVERAGE

0.9489 NPR

2023 KES to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 1.0742. Conversely, the yearly low was recorded on December 29, dropping to 0.8478.

This high-to-low spread represents a total annual volatility of 0.2265 NPR. From a start-to-finish perspective, comparing the January average rate of 1.0562 to the December average rate of 0.8632, the exchange rate registered a net change of -18.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0742 was down 2.06% compared to the 2022 peak of 1.0968, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,371 NPR

2022 Average 5,329 NPR

Yearly Trough Low 4,239 NPR

Transaction Impact: A difference of 1,132.34 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0755

0.8439

JanuMarcMayJulySeptNove

KES to NPR 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 1.0000, compared to 0.8977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1023 points.

H1 Avg (Jan–Jun) 1.0000

H2 Avg (Jul–Dec) 0.8977

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0459 NPR (High: 1.0364 / Low: 0.9905). On the other end, May was the most stable month, with a tight range of 0.0123 NPR (High: 0.9664 / Low: 0.9540).

March Spread (Volatile) ±0.0459

May Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0400 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0400

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0562) against the same month in 2022 (average: 1.0500), the exchange rate shifted by +0.0062 (+0.59%).

2023 Avg (January) 1.0562

2022 Avg (January) 1.0500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0742	1.0458	1.0562
February	1.0593	1.0406	1.0518
March	1.0364	0.9905	1.0153
April	0.9923	0.9497	0.9753
May	0.9664	0.9540	0.9595
June	0.9609	0.9281	0.9422
July	0.9429	0.9202	0.9290
August	0.9322	0.9106	0.9217
September	0.9124	0.8968	0.9049
October	0.9014	0.8829	0.8914
November	0.8860	0.8692	0.8762
December	0.8748	0.8478	0.8632