2023 KWD to HRK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to HRK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 23.3477. Conversely, the yearly low was recorded on July 17, dropping to 21.8722.
This high-to-low spread represents a total annual volatility of 1.4755 HRK. From a start-to-finish perspective, comparing the January average rate of 22.8570 to the December average rate of 22.4135, the exchange rate registered a net change of -1.94% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.3477 was down 7.60% compared to the 2022 peak of 25.2694, 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 HRK 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 22.7501, compared to 22.5951 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1550 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.8257 HRK (High: 23.2702 / Low: 22.4445). On the other end, August was the most stable month, with a tight range of 0.3665 HRK (High: 22.6197 / Low: 22.2533).
Growth Streaks & Declines
TrendsBetween 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 0.5235 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 22.8570) against the same month in 2022 (average: 21.9736), the exchange rate shifted by +0.8834 (+4.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.3477 | 22.6143 | 22.8570 |
| February | 23.2702 | 22.4445 | 23.0169 |
| March | 23.3468 | 22.5307 | 22.9603 |
| April | 22.7381 | 22.2451 | 22.4368 |
| May | 22.9093 | 22.2361 | 22.6059 |
| June | 22.9147 | 22.3234 | 22.6235 |
| July | 22.5983 | 21.8722 | 22.2186 |
| August | 22.6197 | 22.2533 | 22.4317 |
| September | 23.1867 | 22.6396 | 22.8631 |
| October | 23.2764 | 22.8409 | 23.0622 |
| November | 23.0316 | 22.2121 | 22.5813 |
| December | 22.7062 | 22.0847 | 22.4135 |