2023 KWD to MUR Historical Review

YEARLY HIGH

153.8276 MUR

YEARLY LOW

142.4749 MUR

YEARLY AVERAGE

146.7782 MUR

2023 KWD to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 153.8276. Conversely, the yearly low was recorded on January 5, dropping to 142.4749.

This high-to-low spread represents a total annual volatility of 11.3527 MUR. From a start-to-finish perspective, comparing the January average rate of 144.4189 to the December average rate of 143.3832, the exchange rate registered a net change of -0.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 153.8276 was up 1.98% compared to the 2022 peak of 150.8389, 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 769,138 MUR

2022 Average 722,149 MUR

Yearly Trough Low 712,374 MUR

Transaction Impact: A difference of 56,763.59 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

152.3704

142.5111

JanuMarcMayJulySeptNove

KWD to MUR 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 148.2101, compared to 145.3463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.8637 points.

H1 Avg (Jan–Jun) 148.2101

H2 Avg (Jul–Dec) 145.3463

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 7.3435 MUR (High: 151.1815 / Low: 143.8381). On the other end, October was the most stable month, with a tight range of 1.4760 MUR (High: 144.0840 / Low: 142.6080).

September Spread (Volatile) ±7.3435

October Spread (Stable) ±1.4760

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 4.2171 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.2171

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 151.5488) against the same month in 2022 (average: 145.9536), the exchange rate shifted by +5.5952 (+3.83%).

2023 Avg (March) 151.5488

2022 Avg (March) 145.9536

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	147.9959	142.4749	144.4189
February	152.1698	144.9713	149.3945
March	153.8276	148.2073	151.5488
April	148.3912	146.5241	147.3317
May	149.0580	146.6893	148.0099
June	150.0002	147.3771	148.5565
July	150.7414	147.4081	148.5608
August	149.5065	146.3887	147.7218
September	151.1815	143.8381	145.7119
October	144.0840	142.6080	143.3327
November	145.7301	142.8166	143.3675
December	145.3786	142.8569	143.3832