2023 KWD to CNY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to CNY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 23.8061. Conversely, the yearly low was recorded on January 13, dropping to 21.9706.
This high-to-low spread represents a total annual volatility of 1.8356 CNY. From a start-to-finish perspective, comparing the January average rate of 22.2270 to the December average rate of 23.1209, the exchange rate registered a net change of 4.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.8061 was up 0.97% compared to the 2022 peak of 23.5771, 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 CNY 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 22.6013, compared to 23.4273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.8260 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 0.7349 CNY (High: 23.6785 / Low: 22.9436). On the other end, April was the most stable month, with a tight range of 0.2788 CNY (High: 22.6406 / Low: 22.3618).
Growth Streaks & Declines
TrendsBetween April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.2383 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2023: 23.6219) against the same month in 2022 (average: 22.6750), the exchange rate shifted by +0.9468 (+4.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 22.5720 | 21.9706 | 22.2270 |
| February | 22.6565 | 22.0670 | 22.3614 |
| March | 22.7614 | 22.2863 | 22.4853 |
| April | 22.6406 | 22.3618 | 22.4765 |
| May | 23.1240 | 22.5506 | 22.7703 |
| June | 23.5908 | 23.0328 | 23.2871 |
| July | 23.7258 | 23.1346 | 23.4287 |
| August | 23.7081 | 23.2229 | 23.5092 |
| September | 23.8061 | 23.4912 | 23.6219 |
| October | 23.6781 | 23.0966 | 23.5238 |
| November | 23.6785 | 22.9436 | 23.3592 |
| December | 23.2840 | 22.8981 | 23.1209 |