2023 KWD to SAR Historical Review

YEARLY HIGH

12.4076 SAR

YEARLY LOW

12.0761 SAR

YEARLY AVERAGE

12.2081 SAR

2023 KWD to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 12.4076. Conversely, the yearly low was recorded on October 15, dropping to 12.0761.

This high-to-low spread represents a total annual volatility of 0.3314 SAR. From a start-to-finish perspective, comparing the January average rate of 12.2931 to the December average rate of 12.1833, the exchange rate registered a net change of -0.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.4076 was down 0.19% compared to the 2022 peak of 12.4309, 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 62,038 SAR

2022 Average 61,292 SAR

Yearly Trough Low 60,381 SAR

Transaction Impact: A difference of 1,657.12 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.3095

12.1123

JanuMarcMayJulySeptNove

KWD to SAR 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 12.2450, compared to 12.1711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0739 points.

H1 Avg (Jan–Jun) 12.2450

H2 Avg (Jul–Dec) 12.1711

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1946 SAR (High: 12.4076 / Low: 12.2130). On the other end, November was the most stable month, with a tight range of 0.0354 SAR (High: 12.1734 / Low: 12.1380).

March Spread (Volatile) ±0.1946

November Spread (Stable) ±0.0354

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 July and August, when the average rate fell by 0.0468 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0468

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 12.2490) against the same month in 2022 (average: 12.3495), the exchange rate shifted by -0.1005 (-0.81%).

2023 Avg (March) 12.2490

2022 Avg (March) 12.3495

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3323	12.2540	12.2931
February	12.3336	12.2113	12.2579
March	12.4076	12.2130	12.2490
April	12.2861	12.1917	12.2426
May	12.2584	12.1866	12.2199
June	12.2450	12.1865	12.2076
July	12.2744	12.1984	12.2276
August	12.2010	12.1516	12.1808
September	12.1736	12.1259	12.1484
October	12.1477	12.0761	12.1287
November	12.1734	12.1380	12.1578
December	12.2154	12.1409	12.1833