2023 KWD to NAD Historical Review

YEARLY HIGH

65.3320 NAD

YEARLY LOW

55.0575 NAD

YEARLY AVERAGE

60.1934 NAD

2023 KWD to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 27, valuing the pair at 65.3320. Conversely, the yearly low was recorded on January 12, dropping to 55.0575.

This high-to-low spread represents a total annual volatility of 10.2745 NAD. From a start-to-finish perspective, comparing the January average rate of 55.8969 to the December average rate of 60.6899, the exchange rate registered a net change of 8.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 65.3320 was up 10.01% compared to the 2022 peak of 59.3876, 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 326,660 NAD

2022 Average 266,111 NAD

Yearly Trough Low 275,287 NAD

Transaction Impact: A difference of 51,372.50 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.9096

55.2594

JanuMarcMayJulySeptNove

KWD to NAD 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 59.4051, compared to 60.9817 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.5765 points.

H1 Avg (Jan–Jun) 59.4051

H2 Avg (Jul–Dec) 60.9817

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 5.8466 NAD (High: 64.8440 / Low: 58.9974). On the other end, January was the most stable month, with a tight range of 1.5418 NAD (High: 56.5993 / Low: 55.0575).

November Spread (Volatile) ±5.8466

January Spread (Stable) ±1.5418

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 1.4889 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.4889

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 62.2720) against the same month in 2022 (average: 58.3866), the exchange rate shifted by +3.8855 (+6.65%).

2023 Avg (October) 62.2720

2022 Avg (October) 58.3866

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	56.5993	55.0575	55.8969
February	59.9977	55.7718	58.4209
March	60.8759	58.3047	59.6259
April	60.1764	57.8138	59.3240
May	64.1197	59.6852	62.1882
June	64.1207	59.2325	60.9750
July	61.5816	57.4305	59.4861
August	64.4503	59.3838	61.1987
September	62.2916	60.6647	61.4565
October	65.3320	60.6858	62.2720
November	64.8440	58.9974	60.7867
December	62.0791	59.3387	60.6899