2023 KWD to JOD Historical Review

YEARLY HIGH

2.3461 JOD

YEARLY LOW

2.2833 JOD

YEARLY AVERAGE

2.3079 JOD

2023 KWD to JOD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to JOD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 2.3461. Conversely, the yearly low was recorded on October 15, dropping to 2.2833.

This high-to-low spread represents a total annual volatility of 0.0629 JOD. From a start-to-finish perspective, comparing the January average rate of 2.3217 to the December average rate of 2.3042, the exchange rate registered a net change of -0.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3461 was down 0.12% compared to the 2022 peak of 2.3490, 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 11,731 JOD

2022 Average 11,574 JOD

Yearly Trough Low 11,416 JOD

Transaction Impact: A difference of 314.30 JOD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3245

2.2913

JanuMarcMayJulySeptNove

KWD to JOD 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 2.3151, compared to 2.3007 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0143 points.

H1 Avg (Jan–Jun) 2.3151

H2 Avg (Jul–Dec) 2.3007

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0382 JOD (High: 2.3461 / Low: 2.3080). On the other end, September was the most stable month, with a tight range of 0.0073 JOD (High: 2.2991 / Low: 2.2918).

March Spread (Volatile) ±0.0382

September Spread (Stable) ±0.0073

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.3145) against the same month in 2022 (average: 2.3338), the exchange rate shifted by -0.0193 (-0.83%).

2023 Avg (March) 2.3145

2022 Avg (March) 2.3338

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3289	2.3125	2.3217
February	2.3319	2.3104	2.3182
March	2.3461	2.3080	2.3145
April	2.3236	2.3050	2.3152
May	2.3187	2.3054	2.3116
June	2.3166	2.3052	2.3091
July	2.3211	2.3072	2.3120
August	2.3033	2.2923	2.2991
September	2.2991	2.2918	2.2953
October	2.2985	2.2833	2.2940
November	2.3057	2.2953	2.2997
December	2.3116	2.2962	2.3042