2023 KWD to BWP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to BWP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to BWP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 44.8320. Conversely, the yearly low was recorded on January 15, dropping to 41.4401.
This high-to-low spread represents a total annual volatility of 3.3919 BWP. From a start-to-finish perspective, comparing the January average rate of 41.8055 to the December average rate of 43.8677, the exchange rate registered a net change of 4.93% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 44.8320 was up 2.78% compared to the 2022 peak of 43.6210, 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 BWP 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 43.0261, compared to 43.8802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8541 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 1.9098 BWP (High: 44.2185 / Low: 42.3087). On the other end, January was the most stable month, with a tight range of 0.7216 BWP (High: 42.1617 / Low: 41.4401).
Growth Streaks & Declines
TrendsBetween July and October, 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 October and November, when the average rate fell by 0.5972 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2023: 43.7538) against the same month in 2022 (average: 39.6070), the exchange rate shifted by +4.1468 (+10.47%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 42.1617 | 41.4401 | 41.8055 |
| February | 43.3915 | 41.5932 | 42.7519 |
| March | 43.6316 | 42.4233 | 43.1220 |
| April | 43.2409 | 42.4221 | 42.8349 |
| May | 44.8301 | 42.9482 | 43.8886 |
| June | 44.8320 | 43.0976 | 43.7538 |
| July | 44.2185 | 42.3087 | 43.1597 |
| August | 44.3179 | 42.9760 | 43.8173 |
| September | 44.5798 | 43.8324 | 44.2029 |
| October | 44.8090 | 44.0817 | 44.4154 |
| November | 44.1932 | 43.2997 | 43.8182 |
| December | 44.4721 | 43.4866 | 43.8677 |