2023 KWD to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 4398.5298. Conversely, the yearly low was recorded on February 1, dropping to 4008.9311.
This high-to-low spread represents a total annual volatility of 389.5986 KRW. From a start-to-finish perspective, comparing the January average rate of 4066.4986 to the December average rate of 4227.0253, the exchange rate registered a net change of 3.95% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 4398.5298 was down 5.53% compared to the 2022 peak of 4656.1481, 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 KRW 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 4227.0522, compared to 4272.9154 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 45.8631 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 297.0895 KRW (High: 4306.0206 / Low: 4008.9311). On the other end, October was the most stable month, with a tight range of 67.3724 KRW (High: 4398.5298 / Low: 4331.1574).
Growth Streaks & Declines
TrendsBetween January and May, 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 October and November, when the average rate fell by 130.2490 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 4366.4036) against the same month in 2022 (average: 4606.3058), the exchange rate shifted by -239.9022 (-5.21%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4176.1899 | 4027.8666 | 4066.4986 |
| February | 4306.0206 | 4008.9311 | 4181.5019 |
| March | 4325.2595 | 4204.5273 | 4257.4347 |
| April | 4383.1733 | 4254.7931 | 4313.1261 |
| May | 4388.1186 | 4277.0108 | 4326.9023 |
| June | 4302.4224 | 4125.6390 | 4216.8498 |
| July | 4306.2658 | 4129.6410 | 4189.1818 |
| August | 4364.9925 | 4193.0056 | 4298.1279 |
| September | 4379.7171 | 4278.8301 | 4320.5992 |
| October | 4398.5298 | 4331.1574 | 4366.4036 |
| November | 4362.4345 | 4178.2852 | 4236.1546 |
| December | 4273.1223 | 4184.6499 | 4227.0253 |