2023 KWD to MMK Historical Review

YEARLY HIGH

6958.9368 MMK

YEARLY LOW

6757.7290 MMK

YEARLY AVERAGE

6830.6308 MMK

2023 KWD to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 6958.9368. Conversely, the yearly low was recorded on October 7, dropping to 6757.7290.

This high-to-low spread represents a total annual volatility of 201.2078 MMK. From a start-to-finish perspective, comparing the January average rate of 6872.8021 to the December average rate of 6827.9225, the exchange rate registered a net change of -0.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 6958.9368 was up 1.21% compared to the 2022 peak of 6875.9759, 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 34,794,684 MMK

2022 Average 31,472,136 MMK

Yearly Trough Low 33,788,645 MMK

Transaction Impact: A difference of 1,006,039.01 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

6881.5087

6777.0290

JanuMarcMayJulySeptNove

KWD to MMK 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 6849.3665, compared to 6811.8952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 37.4714 points.

H1 Avg (Jan–Jun) 6849.3665

H2 Avg (Jul–Dec) 6811.8952

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 145.8602 MMK (High: 6958.9368 / Low: 6813.0766). On the other end, January was the most stable month, with a tight range of 36.4062 MMK (High: 6886.9046 / Low: 6850.4984).

February Spread (Volatile) ±145.8602

January Spread (Stable) ±36.4062

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 February and March, when the average rate fell by 21.9392 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -21.9392

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 6862.4884) against the same month in 2022 (average: 5876.9391), the exchange rate shifted by +985.5493 (+16.77%).

2023 Avg (February) 6862.4884

2022 Avg (February) 5876.9391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6886.9046	6850.4984	6872.8021
February	6958.9368	6813.0766	6862.4884
March	6871.4754	6783.0454	6840.5492
April	6864.7712	6787.8875	6846.8383
May	6860.1231	6820.3743	6839.2752
June	6856.9166	6797.6628	6834.2460
July	6864.7239	6784.7081	6837.8682
August	6844.5535	6785.3682	6819.0950
September	6818.9320	6772.2670	6800.5906
October	6804.0280	6757.7290	6785.7357
November	6816.3791	6770.4795	6800.1589
December	6868.0309	6798.7491	6827.9225