2023 KWD to MVR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to MVR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 50.8951. Conversely, the yearly low was recorded on November 13, dropping to 49.3942.
This high-to-low spread represents a total annual volatility of 1.5010 MVR. From a start-to-finish perspective, comparing the January average rate of 50.3480 to the December average rate of 49.9315, the exchange rate registered a net change of -0.83% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 50.8951 was down 1.57% compared to the 2022 peak of 51.7052, 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 MVR 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 50.1224, compared to 49.9133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2091 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.9553 MVR (High: 50.8951 / Low: 49.9398). On the other end, August was the most stable month, with a tight range of 0.3042 MVR (High: 50.0541 / Low: 49.7500).
Growth Streaks & Declines
TrendsBetween 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 July and August, when the average rate fell by 0.2077 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 50.1555) against the same month in 2022 (average: 50.8443), the exchange rate shifted by -0.6889 (-1.35%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 50.5636 | 50.2018 | 50.3480 |
| February | 50.4656 | 49.9935 | 50.1673 |
| March | 50.8951 | 49.9398 | 50.1555 |
| April | 50.3117 | 49.8762 | 50.1234 |
| May | 50.2051 | 49.7145 | 49.9988 |
| June | 50.1520 | 49.7488 | 49.9414 |
| July | 50.4040 | 49.7919 | 50.1251 |
| August | 50.0541 | 49.7500 | 49.9174 |
| September | 50.1455 | 49.7782 | 49.9364 |
| October | 49.8819 | 49.4823 | 49.7583 |
| November | 50.2214 | 49.3942 | 49.8111 |
| December | 50.1221 | 49.7168 | 49.9315 |