2023 KWD to MAD Historical Review

YEARLY HIGH

34.3277 MAD

YEARLY LOW

31.3970 MAD

YEARLY AVERAGE

32.9455 MAD

2023 KWD to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 34.3277. Conversely, the yearly low was recorded on July 16, dropping to 31.3970.

This high-to-low spread represents a total annual volatility of 2.9307 MAD. From a start-to-finish perspective, comparing the January average rate of 33.4883 to the December average rate of 32.6138, the exchange rate registered a net change of -2.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.3277 was down 4.08% compared to the 2022 peak of 35.7868, 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 171,638 MAD

2022 Average 165,777 MAD

Yearly Trough Low 156,985 MAD

Transaction Impact: A difference of 14,653.28 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

33.8865

31.5509

JanuMarcMayJulySeptNove

KWD to MAD 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 33.2561, compared to 32.6349 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6212 points.

H1 Avg (Jan–Jun) 33.2561

H2 Avg (Jul–Dec) 32.6349

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 1.5661 MAD (High: 32.9838 / Low: 31.4177). On the other end, September was the most stable month, with a tight range of 0.5308 MAD (High: 33.3949 / Low: 32.8641).

August Spread (Volatile) ±1.5661

September Spread (Stable) ±0.5308

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.9634 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9634

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 33.4883) against the same month in 2022 (average: 30.7132), the exchange rate shifted by +2.7750 (+9.04%).

2023 Avg (January) 33.4883

2022 Avg (January) 30.7132

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.3277	33.0087	33.4883
February	33.9388	33.2366	33.6575
March	34.0378	33.2853	33.6919
April	33.3601	32.3125	33.0589
May	33.2882	32.4803	32.9311
June	33.1863	32.1875	32.7090
July	32.1875	31.3970	31.7456
August	32.9838	31.4177	32.1512
September	33.3949	32.8641	33.1416
October	33.5482	32.8618	33.2187
November	33.3236	32.5555	32.9387
December	33.0680	32.0517	32.6138