2023 KWD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 139631.1095. Conversely, the yearly low was recorded on February 19, dropping to 135840.4135.
This high-to-low spread represents a total annual volatility of 3790.6960 IRR. From a start-to-finish perspective, comparing the January average rate of 137242.9309 to the December average rate of 137164.4348, the exchange rate registered a net change of -0.06% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 139631.1095 was down 0.25% compared to the 2022 peak of 139977.7703, 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 IRR 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 137664.8282, compared to 137107.6407 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 557.1875 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 3668.2597 IRR (High: 139631.1095 / Low: 135962.8498). On the other end, June was the most stable month, with a tight range of 624.9416 IRR (High: 138032.2527 / Low: 137407.3110).
Growth Streaks & Declines
TrendsBetween October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 434.2012 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 137544.2146) against the same month in 2022 (average: 139170.9561), the exchange rate shifted by -1626.7415 (-1.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 138334.8030 | 136249.8405 | 137242.9309 |
| February | 138716.7713 | 135840.4135 | 137947.0267 |
| March | 139631.1095 | 135962.8498 | 137544.2146 |
| April | 138389.8302 | 137362.6374 | 137920.0801 |
| May | 138105.7542 | 137429.6588 | 137733.8955 |
| June | 138032.2527 | 137407.3110 | 137600.8217 |
| July | 138275.6027 | 136864.6539 | 137716.1226 |
| August | 137610.1288 | 136834.5711 | 137292.1455 |
| September | 137180.2240 | 136552.6182 | 136857.9444 |
| October | 136853.7798 | 135947.3843 | 136620.1915 |
| November | 137377.3721 | 136622.1883 | 136995.0055 |
| December | 137751.5942 | 136717.8603 | 137164.4348 |