2023 KWD to RSD Historical Review

YEARLY HIGH

363.6553 RSD

YEARLY LOW

340.1959 RSD

YEARLY AVERAGE

352.7807 RSD

2023 KWD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 363.6553. Conversely, the yearly low was recorded on July 17, dropping to 340.1959.

This high-to-low spread represents a total annual volatility of 23.4594 RSD. From a start-to-finish perspective, comparing the January average rate of 356.1134 to the December average rate of 348.6236, the exchange rate registered a net change of -2.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 363.6553 was down 7.62% compared to the 2022 peak of 393.6404, 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 1,818,277 RSD

2022 Average 1,822,632 RSD

Yearly Trough Low 1,700,980 RSD

Transaction Impact: A difference of 117,297.14 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

360.2161

344.2985

JanuMarcMayJulySeptNove

KWD to RSD 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 354.0017, compared to 351.5597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4420 points.

H1 Avg (Jan–Jun) 354.0017

H2 Avg (Jul–Dec) 351.5597

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 12.6902 RSD (High: 362.3468 / Low: 349.6567). On the other end, August was the most stable month, with a tight range of 5.6715 RSD (High: 351.9865 / Low: 346.3150).

February Spread (Volatile) ±12.6902

August Spread (Stable) ±5.6715

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 March and April, when the average rate fell by 8.2351 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -8.2351

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 356.1134) against the same month in 2022 (average: 343.3261), the exchange rate shifted by +12.7873 (+3.72%).

2023 Avg (January) 356.1134

2022 Avg (January) 343.3261

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	363.6553	352.3804	356.1134
February	362.3468	349.6567	358.2474
March	361.9292	350.8282	357.1463
April	352.8601	345.7885	348.9112
May	356.5136	345.6126	351.6545
June	356.5788	347.5183	351.9374
July	351.4515	340.1959	345.6249
August	351.9865	346.3150	349.0739
September	360.9677	352.4067	355.8216
October	362.3159	355.1496	358.8896
November	358.1556	345.7423	351.3243
December	353.0821	343.4322	348.6236