2023 KES to STD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KES to STD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KES to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 184.9424. Conversely, the yearly low was recorded on December 30, dropping to 141.6541.
This high-to-low spread represents a total annual volatility of 43.2884 STD. From a start-to-finish perspective, comparing the January average rate of 184.1376 to the December average rate of 144.2670, the exchange rate registered a net change of -21.65% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 184.9424 was down 7.33% compared to the 2022 peak of 199.5668, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KES based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KES to STD 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 173.6214, compared to 151.3297 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.2917 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 8.5504 STD (High: 165.0238 / Low: 156.4733). On the other end, January was the most stable month, with a tight range of 1.5680 STD (High: 184.9424 / Low: 183.3745).
Growth Streaks & Declines
TrendsNo 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 6.2996 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 184.1376) against the same month in 2022 (average: 186.5166), the exchange rate shifted by -2.3791 (-1.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 184.9424 | 183.3745 | 184.1376 |
| February | 183.2744 | 179.5751 | 181.6668 |
| March | 179.4443 | 172.2565 | 176.1757 |
| April | 172.2565 | 167.7649 | 169.8761 |
| May | 168.8488 | 164.6159 | 166.3493 |
| June | 165.9694 | 162.0909 | 163.5230 |
| July | 165.0238 | 156.4733 | 160.9224 |
| August | 156.6493 | 153.2448 | 155.0093 |
| September | 153.5429 | 150.3495 | 151.8187 |
| October | 151.5057 | 147.9535 | 149.2916 |
| November | 148.9591 | 145.5376 | 146.6691 |
| December | 146.2608 | 141.6541 | 144.2670 |