2023 KWD to MOP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to MOP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 26.7784. Conversely, the yearly low was recorded on November 25, dropping to 25.9005.
This high-to-low spread represents a total annual volatility of 0.8778 MOP. From a start-to-finish perspective, comparing the January average rate of 26.3595 to the December average rate of 26.1576, the exchange rate registered a net change of -0.77% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 26.7784 was up 0.21% compared to the 2022 peak of 26.7216, 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 MOP 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 26.3369, compared to 26.1254 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2115 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 0.5648 MOP (High: 26.7784 / Low: 26.2136). On the other end, October was the most stable month, with a tight range of 0.1906 MOP (High: 26.1362 / Low: 25.9457).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0757 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 26.4110) against the same month in 2022 (average: 26.5518), the exchange rate shifted by -0.1408 (-0.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.4545 | 26.2357 | 26.3595 |
| February | 26.7784 | 26.2136 | 26.4110 |
| March | 26.4574 | 26.1172 | 26.3354 |
| April | 26.4329 | 26.1363 | 26.3621 |
| May | 26.4757 | 26.1645 | 26.2973 |
| June | 26.3592 | 26.1057 | 26.2564 |
| July | 26.3154 | 26.0516 | 26.2193 |
| August | 26.2639 | 25.9734 | 26.1714 |
| September | 26.2391 | 25.9769 | 26.1176 |
| October | 26.1362 | 25.9457 | 26.0473 |
| November | 26.1092 | 25.9005 | 26.0394 |
| December | 26.3306 | 26.0667 | 26.1576 |