2024 KWD to CNY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 KWD to CNY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the KWD to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 23.7941. Conversely, the yearly low was recorded on October 7, dropping to 22.9068.
This high-to-low spread represents a total annual volatility of 0.8873 CNY. From a start-to-finish perspective, comparing the January average rate of 23.1188 to the December average rate of 23.6626, the exchange rate registered a net change of 2.35% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 23.7941 was down 0.05% compared to the 2023 peak of 23.8061, 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 2024.
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 23.3551, compared to 23.4252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0702 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 0.5838 CNY (High: 23.5974 / Low: 23.0135). On the other end, December was the most stable month, with a tight range of 0.1641 CNY (High: 23.7378 / Low: 23.5737).
Growth Streaks & Declines
TrendsBetween January and April, 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 July and August, when the average rate fell by 0.3396 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2024: 23.7270) against the same month in 2023 (average: 23.4287), the exchange rate shifted by +0.2983 (+1.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.3769 | 22.9959 | 23.1188 |
| February | 23.3966 | 23.0910 | 23.2544 |
| March | 23.5012 | 23.2067 | 23.4094 |
| April | 23.5365 | 23.0532 | 23.4775 |
| May | 23.5974 | 23.0135 | 23.3312 |
| June | 23.7009 | 23.1318 | 23.5391 |
| July | 23.7941 | 23.3551 | 23.7270 |
| August | 23.7023 | 23.2334 | 23.3874 |
| September | 23.3126 | 22.9663 | 23.1778 |
| October | 23.2573 | 22.9068 | 23.1381 |
| November | 23.5750 | 23.1604 | 23.4585 |
| December | 23.7378 | 23.5737 | 23.6626 |