2023 KWD to BIF Historical Review

YEARLY HIGH

9306.5379 BIF

YEARLY LOW

6722.2512 BIF

YEARLY AVERAGE

8280.3393 BIF

2023 KWD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 9306.5379. Conversely, the yearly low was recorded on February 25, dropping to 6722.2512.

This high-to-low spread represents a total annual volatility of 2584.2867 BIF. From a start-to-finish perspective, comparing the January average rate of 6770.9698 to the December average rate of 9259.2887, the exchange rate registered a net change of 36.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 9306.5379 was up 37.31% compared to the 2022 peak of 6777.9287, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 46,532,689 BIF

2022 Average 33,332,763 BIF

Yearly Trough Low 33,611,256 BIF

Transaction Impact: A difference of 12,921,433.51 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

9508.1205

6522.1380

JanuMarcMayJulySeptNove

KWD to BIF 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 7351.3234, compared to 9209.3552 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1858.0319 points.

H1 Avg (Jan–Jun) 7351.3234

H2 Avg (Jul–Dec) 9209.3552

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2401.9079 BIF (High: 9181.0922 / Low: 6779.1843). On the other end, April was the most stable month, with a tight range of 56.6668 BIF (High: 6808.1400 / Low: 6751.4731).

May Spread (Volatile) ±2401.9079

April Spread (Stable) ±56.6668

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 21.1855 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -21.1855

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 9259.2887) against the same month in 2022 (average: 6743.8796), the exchange rate shifted by +2515.4090 (+37.30%).

2023 Avg (December) 9259.2887

2022 Avg (December) 6743.8796

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6795.5266	6735.4805	6770.9698
February	6861.4307	6722.2512	6774.1115
March	6806.2623	6734.1515	6773.0618
April	6808.1400	6751.4731	6786.3551
May	9181.0922	6779.1843	7794.3013
June	9272.8941	9168.1274	9209.1407
July	9272.8878	9181.3518	9224.1697
August	9240.5316	9174.5432	9202.9842
September	9215.9089	9139.1561	9185.6919
October	9211.4030	9126.8686	9177.9706
November	9248.7425	9127.8768	9206.0263
December	9306.5379	9212.3496	9259.2887