2023 KWD to CVE Historical Review

YEARLY HIGH

342.6100 CVE

YEARLY LOW

319.7715 CVE

YEARLY AVERAGE

332.2199 CVE

2023 KWD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 342.6100. Conversely, the yearly low was recorded on July 18, dropping to 319.7715.

This high-to-low spread represents a total annual volatility of 22.8385 CVE. From a start-to-finish perspective, comparing the January average rate of 335.4034 to the December average rate of 328.5997, the exchange rate registered a net change of -2.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 342.6100 was down 9.18% compared to the 2022 peak of 377.2303, 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 1,713,050 CVE

2022 Average 1,715,280 CVE

Yearly Trough Low 1,598,858 CVE

Transaction Impact: A difference of 114,192.47 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

339.0882

324.2087

JanuMarcMayJulySeptNove

KWD to CVE 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 333.4018, compared to 331.0379 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3639 points.

H1 Avg (Jan–Jun) 333.4018

H2 Avg (Jul–Dec) 331.0379

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 14.1293 CVE (High: 340.0843 / Low: 325.9550). On the other end, October was the most stable month, with a tight range of 5.4602 CVE (High: 341.0003 / Low: 335.5401).

November Spread (Volatile) ±14.1293

October Spread (Stable) ±5.4602

Growth Streaks & Declines

Trends

Between 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 March and April, when the average rate fell by 7.5754 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.5754

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 335.4034) against the same month in 2022 (average: 322.9878), the exchange rate shifted by +12.4156 (+3.84%).

2023 Avg (January) 335.4034

2022 Avg (January) 322.9878

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	342.6100	332.2391	335.4034
February	340.0101	330.7104	336.7657
March	340.4014	330.7468	336.2275
April	331.4178	324.3451	328.6521
May	335.9459	326.9861	331.2384
June	340.9982	328.4763	332.1238
July	331.3076	319.7715	325.4487
August	330.9666	325.0013	328.3310
September	338.8982	329.9546	334.5117
October	341.0003	335.5401	337.8483
November	340.0843	325.9550	331.4879
December	336.1668	323.9904	328.5997