2023 KWD to GHS Historical Review

YEARLY HIGH

42.0331 GHS

YEARLY LOW

27.2895 GHS

YEARLY AVERAGE

38.0461 GHS

2023 KWD to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 42.0331. Conversely, the yearly low was recorded on January 1, dropping to 27.2895.

This high-to-low spread represents a total annual volatility of 14.7436 GHS. From a start-to-finish perspective, comparing the January average rate of 37.4706 to the December average rate of 39.0462, the exchange rate registered a net change of 4.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.0331 was down 11.57% compared to the 2022 peak of 47.5350, 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 210,166 GHS

2022 Average 146,869 GHS

Yearly Trough Low 136,448 GHS

Transaction Impact: A difference of 73,718.05 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

41.2123

36.2040

JanuMarcMayJulySeptNove

KWD to GHS 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 38.2889, compared to 37.8032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4857 points.

H1 Avg (Jan–Jun) 38.2889

H2 Avg (Jul–Dec) 37.8032

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 13.6683 GHS (High: 40.9578 / Low: 27.2895). On the other end, November was the most stable month, with a tight range of 0.3928 GHS (High: 38.9189 / Low: 38.5261).

January Spread (Volatile) ±13.6683

November Spread (Stable) ±0.3928

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 2.8789 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -2.8789

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 40.7950) against the same month in 2022 (average: 21.5196), the exchange rate shifted by +19.2754 (+89.57%).

2023 Avg (February) 40.7950

2022 Avg (February) 21.5196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.9578	27.2895	37.4706
February	42.0331	39.7634	40.7950
March	41.6701	37.9893	40.2277
April	39.2989	35.0611	37.3488
May	38.7054	34.6249	37.0302
June	37.4525	36.2077	36.8613
July	37.8742	36.7777	37.1914
August	37.1389	36.2953	36.6214
September	37.5866	36.9920	37.2119
October	38.4898	37.5040	38.0299
November	38.9189	38.5261	38.7187
December	39.2695	38.8524	39.0462