2023 KWD to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 298.5941. Conversely, the yearly low was recorded on November 18, dropping to 222.9149.
This high-to-low spread represents a total annual volatility of 75.6793 AFN. From a start-to-finish perspective, comparing the January average rate of 290.8009 to the December average rate of 227.2010, the exchange rate registered a net change of -21.87% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 298.5941 was down 14.37% compared to the 2022 peak of 348.6905, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KWD to AFN 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 286.5974, compared to 252.0301 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 34.5673 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 26.7400 AFN (High: 264.3885 / Low: 237.6485). On the other end, December was the most stable month, with a tight range of 5.7124 AFN (High: 230.3118 / Low: 224.5994).
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 August and September, when the average rate fell by 21.6466 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 282.7539) against the same month in 2022 (average: 286.5590), the exchange rate shifted by -3.8051 (-1.33%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 294.8907 | 286.1283 | 290.8009 |
| February | 297.5217 | 285.8326 | 292.9405 |
| March | 291.7076 | 279.0764 | 285.8012 |
| April | 298.5941 | 278.1023 | 282.7539 |
| May | 289.7745 | 281.0929 | 285.0537 |
| June | 285.1463 | 277.2141 | 282.2343 |
| July | 286.2554 | 277.3330 | 282.3932 |
| August | 281.7211 | 263.4210 | 274.1535 |
| September | 264.3885 | 237.6485 | 252.5069 |
| October | 253.5024 | 237.2503 | 244.2409 |
| November | 241.3042 | 222.9149 | 231.6850 |
| December | 230.3118 | 224.5994 | 227.2010 |