2023 KWD to LKR Historical Review

YEARLY HIGH

1210.9596 LKR

YEARLY LOW

943.6772 LKR

YEARLY AVERAGE

1069.4677 LKR

2023 KWD to LKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to LKR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 1210.9596. Conversely, the yearly low was recorded on June 2, dropping to 943.6772.

This high-to-low spread represents a total annual volatility of 267.2824 LKR. From a start-to-finish perspective, comparing the January average rate of 1196.8863 to the December average rate of 1061.2478, the exchange rate registered a net change of -11.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1210.9596 was up 0.70% compared to the 2022 peak of 1202.5104, 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 6,054,798 LKR

2022 Average 5,284,409 LKR

Yearly Trough Low 4,718,386 LKR

Transaction Impact: A difference of 1,336,411.93 LKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1218.0597

963.9789

JanuMarcMayJulySeptNove

KWD to LKR 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 1087.6979, compared to 1051.2374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 36.4606 points.

H1 Avg (Jan–Jun) 1087.6979

H2 Avg (Jul–Dec) 1051.2374

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 143.7225 LKR (High: 1188.2638 / Low: 1044.5414). On the other end, November was the most stable month, with a tight range of 11.2905 LKR (High: 1068.3005 / Low: 1057.0100).

March Spread (Volatile) ±143.7225

November Spread (Stable) ±11.2905

Growth Streaks & Declines

Trends

Between June and November, 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 February and March, when the average rate fell by 101.9557 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -101.9557

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 1192.8370) against the same month in 2022 (average: 669.2885), the exchange rate shifted by +523.5485 (+78.22%).

2023 Avg (February) 1192.8370

2022 Avg (February) 669.2885

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1204.9442	1191.4870	1196.8863
February	1210.9596	1178.8803	1192.8370
March	1188.2638	1044.5414	1090.8812
April	1076.2808	1035.0356	1050.7804
May	1044.9022	955.8079	1009.6504
June	1041.9877	943.6772	985.1523
July	1082.4106	996.4157	1041.0866
August	1054.0571	1024.7368	1044.8386
September	1055.4819	1038.4312	1046.8188
October	1060.6077	1042.9574	1050.8102
November	1068.3005	1057.0100	1062.6222
December	1068.7847	1053.7665	1061.2478