2023 KWD to PKR Historical Review

YEARLY HIGH

998.6986 PKR

YEARLY LOW

740.4986 PKR

YEARLY AVERAGE

909.3065 PKR

2023 KWD to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 998.6986. Conversely, the yearly low was recorded on January 5, dropping to 740.4986.

This high-to-low spread represents a total annual volatility of 258.1999 PKR. From a start-to-finish perspective, comparing the January average rate of 764.9856 to the December average rate of 916.0251, the exchange rate registered a net change of 19.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 998.6986 was up 28.14% compared to the 2022 peak of 779.4103, 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 4,993,493 PKR

2022 Average 3,338,229 PKR

Yearly Trough Low 3,702,493 PKR

Transaction Impact: A difference of 1,290,999.72 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

984.2717

745.0505

JanuMarcMayJulySeptNove

KWD to PKR 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 889.3068, compared to 929.3063 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 39.9995 points.

H1 Avg (Jan–Jun) 889.3068

H2 Avg (Jul–Dec) 929.3063

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 137.4091 PKR (High: 877.9077 / Low: 740.4986). On the other end, June was the most stable month, with a tight range of 9.3681 PKR (High: 936.6649 / Low: 927.2969).

January Spread (Volatile) ±137.4091

June Spread (Stable) ±9.3681

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 60.9008 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -60.9008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 964.3366) against the same month in 2022 (average: 745.6761), the exchange rate shifted by +218.6605 (+29.32%).

2023 Avg (September) 964.3366

2022 Avg (September) 745.6761

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	877.9077	740.4986	764.9856
February	902.3788	822.4587	867.4077
March	925.6251	853.9429	913.8967
April	942.1411	910.9747	925.7842
May	964.2857	924.5322	930.9010
June	936.6649	927.2969	932.8654
July	937.0563	887.5316	918.0272
August	989.3824	921.9837	952.9605
September	998.6986	930.4761	964.3366
October	934.5242	889.4435	903.4358
November	935.3388	902.1355	921.0525
December	923.8865	905.4206	916.0251