2023 KRW to JPY Historical Review

YEARLY HIGH

0.1166 JPY

YEARLY LOW

0.0994 JPY

YEARLY AVERAGE

0.1076 JPY

2023 KRW to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 0.1166. Conversely, the yearly low was recorded on April 5, dropping to 0.0994.

This high-to-low spread represents a total annual volatility of 0.0172 JPY. From a start-to-finish perspective, comparing the January average rate of 0.1048 to the December average rate of 0.1104, the exchange rate registered a net change of 5.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1166 was up 9.00% compared to the 2022 peak of 0.1069, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 582,837 JPY

2022 Average 508,234 JPY

Yearly Trough Low 497,022 JPY

Transaction Impact: A difference of 85,814.58 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1160

0.0997

JanuMarcMayJulySeptNove

KRW to JPY 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 0.1041, compared to 0.1110 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 0.1041

H2 Avg (Jul–Dec) 0.1110

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0057 JPY (High: 0.1065 / Low: 0.1008). On the other end, September was the most stable month, with a tight range of 0.0016 JPY (High: 0.1117 / Low: 0.1100).

May Spread (Volatile) ±0.0057

September Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between April and July, 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 November and December, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.1147) against the same month in 2022 (average: 0.1048), the exchange rate shifted by +0.0099 (+9.42%).

2023 Avg (November) 0.1147

2022 Avg (November) 0.1048

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1065	0.1026	0.1048
February	0.1058	0.1031	0.1041
March	0.1050	0.1007	0.1024
April	0.1027	0.0994	0.1011
May	0.1065	0.1008	0.1034
June	0.1111	0.1057	0.1091
July	0.1114	0.1081	0.1099
August	0.1109	0.1084	0.1094
September	0.1117	0.1100	0.1108
October	0.1119	0.1097	0.1108
November	0.1166	0.1117	0.1147
December	0.1135	0.1089	0.1104