2023 KWD to NIO Historical Review

YEARLY HIGH

120.7367 NIO

YEARLY LOW

117.7405 NIO

YEARLY AVERAGE

118.9447 NIO

2023 KWD to NIO Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to NIO exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 120.7367. Conversely, the yearly low was recorded on October 7, dropping to 117.7405.

This high-to-low spread represents a total annual volatility of 2.9962 NIO. From a start-to-finish perspective, comparing the January average rate of 119.3860 to the December average rate of 119.0991, the exchange rate registered a net change of -0.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 120.7367 was down 1.70% compared to the 2022 peak of 122.8241, 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 603,684 NIO

2022 Average 585,495 NIO

Yearly Trough Low 588,702 NIO

Transaction Impact: A difference of 14,981.16 NIO purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

119.4957

118.1792

JanuMarcMayJulySeptNove

KWD to NIO 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 119.1537, compared to 118.7357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4180 points.

H1 Avg (Jan–Jun) 119.1537

H2 Avg (Jul–Dec) 118.7357

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.2505 NIO (High: 120.7367 / Low: 118.4862). On the other end, May was the most stable month, with a tight range of 0.7271 NIO (High: 119.4302 / Low: 118.7030).

February Spread (Volatile) ±2.2505

May Spread (Stable) ±0.7271

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 August and September, when the average rate fell by 0.3210 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3210

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 119.2357) against the same month in 2022 (average: 117.2500), the exchange rate shifted by +1.9857 (+1.69%).

2023 Avg (February) 119.2357

2022 Avg (February) 117.2500

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	119.8078	118.8345	119.3860
February	120.7367	118.4862	119.2357
March	119.7035	118.4698	119.0638
April	119.4792	118.5043	119.1829
May	119.4302	118.7030	119.0689
June	119.3395	118.5233	118.9851
July	119.5638	118.7136	119.0968
August	119.2446	118.4898	118.8017
September	118.8180	118.0107	118.4807
October	118.5454	117.7405	118.2889
November	119.3412	118.0964	118.6470
December	119.7086	118.5270	119.0991