2023 KWD to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 183.8022. Conversely, the yearly low was recorded on March 19, dropping to 173.9092.
This high-to-low spread represents a total annual volatility of 9.8930 ETB. From a start-to-finish perspective, comparing the January average rate of 175.5368 to the December average rate of 182.4055, the exchange rate registered a net change of 3.91% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 183.8022 was up 4.64% compared to the 2022 peak of 175.6511, 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 ETB 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 176.3339, compared to 179.9031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.5692 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was December, with a trading range of 3.4073 ETB (High: 183.8022 / Low: 180.3949). On the other end, September was the most stable month, with a tight range of 1.1987 ETB (High: 179.4188 / Low: 178.2201).
Growth Streaks & Declines
TrendsBetween March and August, 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 February and March, when the average rate fell by 0.1445 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 182.4055) against the same month in 2022 (average: 174.6629), the exchange rate shifted by +7.7425 (+4.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 176.3414 | 174.9232 | 175.5368 |
| February | 177.4473 | 174.3895 | 175.4903 |
| March | 176.2568 | 173.9092 | 175.3459 |
| April | 177.6315 | 175.5305 | 176.8105 |
| May | 177.7153 | 176.4923 | 177.1618 |
| June | 178.5401 | 176.6926 | 177.6579 |
| July | 179.9328 | 177.5725 | 178.7376 |
| August | 179.7590 | 177.8851 | 178.8626 |
| September | 179.4188 | 178.2201 | 178.8597 |
| October | 180.8065 | 178.9295 | 179.8218 |
| November | 182.0637 | 179.4110 | 180.7315 |
| December | 183.8022 | 180.3949 | 182.4055 |