2023 KWD to JMD Historical Review

YEARLY HIGH

511.9777 JMD

YEARLY LOW

490.0246 JMD

YEARLY AVERAGE

501.3331 JMD

2023 KWD to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 511.9777. Conversely, the yearly low was recorded on March 19, dropping to 490.0246.

This high-to-low spread represents a total annual volatility of 21.9532 JMD. From a start-to-finish perspective, comparing the January average rate of 500.3218 to the December average rate of 504.4752, the exchange rate registered a net change of 0.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 511.9777 was down 1.93% compared to the 2022 peak of 522.0440, 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 2,559,889 JMD

2022 Average 2,504,577 JMD

Yearly Trough Low 2,450,123 JMD

Transaction Impact: A difference of 109,765.87 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

505.3693

494.6398

JanuMarcMayJulySeptNove

KWD to JMD 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 500.2266, compared to 502.4396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2130 points.

H1 Avg (Jan–Jun) 500.2266

H2 Avg (Jul–Dec) 502.4396

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 12.0808 JMD (High: 504.9688 / Low: 492.8880). On the other end, September was the most stable month, with a tight range of 3.1274 JMD (High: 502.4582 / Low: 499.3308).

January Spread (Volatile) ±12.0808

September Spread (Stable) ±3.1274

Growth Streaks & Declines

Trends

Between March and July, 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 February and March, when the average rate fell by 8.4525 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.4525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 503.9864) against the same month in 2022 (average: 516.8657), the exchange rate shifted by -12.8793 (-2.49%).

2023 Avg (February) 503.9864

2022 Avg (February) 516.8657

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	504.9688	492.8880	500.3218
February	511.9777	500.5257	503.9864
March	501.4451	490.0246	495.5339
April	501.5766	490.8315	496.5467
May	504.6097	498.6089	502.1123
June	505.5869	499.5425	502.8587
July	505.5242	499.1951	502.8656
August	505.8446	499.0369	502.0777
September	502.4582	499.3308	500.5605
October	503.6984	499.5694	501.0544
November	507.1713	499.7231	503.6043
December	508.5731	500.5594	504.4752