2024 KWD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 KWD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the KWD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 138586.3861. Conversely, the yearly low was recorded on April 1, dropping to 136320.1505.
This high-to-low spread represents a total annual volatility of 2266.2356 IRR. From a start-to-finish perspective, comparing the January average rate of 136714.2992 to the December average rate of 137084.3538, the exchange rate registered a net change of 0.27% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 138586.3861 was down 0.75% compared to the 2023 peak of 139631.1095, 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 2024.
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 136846.9349, compared to 137486.9643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 640.0293 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1150.0410 IRR (High: 137873.4875 / Low: 136723.4466). On the other end, March was the most stable month, with a tight range of 381.2545 IRR (High: 136971.5729 / Low: 136590.3184).
Growth Streaks & Declines
TrendsBetween April and September, 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 September and October, when the average rate fell by 540.1989 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 137949.4361) against the same month in 2023 (average: 136857.9444), the exchange rate shifted by +1091.4917 (+0.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 137008.2662 | 136561.0010 | 136714.2992 |
| February | 136985.4084 | 136353.9038 | 136579.1202 |
| March | 136971.5729 | 136590.3184 | 136749.7573 |
| April | 137008.9567 | 136320.1505 | 136649.4589 |
| May | 137616.9214 | 136486.7934 | 137023.1941 |
| June | 137915.3792 | 137026.8748 | 137365.7798 |
| July | 138250.3559 | 137311.9963 | 137667.0504 |
| August | 138440.4448 | 137470.9333 | 137777.3823 |
| September | 138586.3861 | 137762.4827 | 137949.4361 |
| October | 137943.8691 | 137260.1453 | 137409.2371 |
| November | 137873.4875 | 136723.4466 | 137034.3258 |
| December | 137454.2497 | 136715.6412 | 137084.3538 |