2023 KWD to THB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to THB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 120.0293. Conversely, the yearly low was recorded on January 21, dropping to 106.8250.
This high-to-low spread represents a total annual volatility of 13.2043 THB. From a start-to-finish perspective, comparing the January average rate of 108.6769 to the December average rate of 113.3685, the exchange rate registered a net change of 4.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 120.0293 was down 2.78% compared to the 2022 peak of 123.4675, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 KWD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
KWD to THB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 111.4413, compared to 114.8115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.3702 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 7.4049 THB (High: 114.7838 / Low: 107.3788). On the other end, April was the most stable month, with a tight range of 2.2251 THB (High: 112.5892 / Low: 110.3641).
Growth Streaks & Declines
TrendsBetween 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 October and November, when the average rate fell by 3.1202 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 117.9839) against the same month in 2022 (average: 122.3109), the exchange rate shifted by -4.3270 (-3.54%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 113.1183 | 106.8250 | 108.6769 |
| February | 114.7838 | 107.3788 | 111.3231 |
| March | 114.2398 | 110.2732 | 112.2641 |
| April | 112.5892 | 110.3641 | 111.5414 |
| May | 112.9463 | 109.4966 | 111.3583 |
| June | 115.8674 | 112.4178 | 113.4837 |
| July | 115.4509 | 110.9979 | 112.8757 |
| August | 115.3174 | 111.5078 | 113.7923 |
| September | 118.5708 | 113.6996 | 115.9848 |
| October | 120.0293 | 116.2410 | 117.9839 |
| November | 117.0228 | 112.4701 | 114.8637 |
| December | 115.8012 | 111.2921 | 113.3685 |