2023 KWD to NOK Historical Review

YEARLY HIGH

36.3678 NOK

YEARLY LOW

32.0015 NOK

YEARLY AVERAGE

34.3634 NOK

2023 KWD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 36.3678. Conversely, the yearly low was recorded on January 1, dropping to 32.0015.

This high-to-low spread represents a total annual volatility of 4.3663 NOK. From a start-to-finish perspective, comparing the January average rate of 32.4835 to the December average rate of 34.1561, the exchange rate registered a net change of 5.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 36.3678 was up 3.56% compared to the 2022 peak of 35.1182, 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 181,839 NOK

2022 Average 156,893 NOK

Yearly Trough Low 160,008 NOK

Transaction Impact: A difference of 21,831.38 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.8817

32.1746

JanuMarcMayJulySeptNove

KWD to NOK 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 34.1650, compared to 34.5619 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3969 points.

H1 Avg (Jan–Jun) 34.1650

H2 Avg (Jul–Dec) 34.5619

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 2.6780 NOK (High: 35.1646 / Low: 32.4866). On the other end, September was the most stable month, with a tight range of 0.5169 NOK (High: 35.0169 / Low: 34.5000).

July Spread (Volatile) ±2.6780

September Spread (Stable) ±0.5169

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 1.6015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 35.2309) against the same month in 2022 (average: 31.3098), the exchange rate shifted by +3.9211 (+12.52%).

2023 Avg (May) 35.2309

2022 Avg (May) 31.3098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.4411	32.0015	32.4835
February	34.0014	32.4332	33.4841
March	35.3704	33.8175	34.3722
April	34.9666	33.5259	34.2908
May	36.3678	34.2690	35.2309
June	36.0585	34.2125	35.1284
July	35.1646	32.4866	33.5269
August	34.7651	32.9703	34.0133
September	35.0169	34.5000	34.7514
October	36.2438	34.6654	35.5728
November	36.3385	34.4113	35.3508
December	35.5583	32.8897	34.1561