2023 KWD to TRY Historical Review

YEARLY HIGH

96.1741 TRY

YEARLY LOW

61.1070 TRY

YEARLY AVERAGE

77.3852 TRY

2023 KWD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 96.1741. Conversely, the yearly low was recorded on January 1, dropping to 61.1070.

This high-to-low spread represents a total annual volatility of 35.0671 TRY. From a start-to-finish perspective, comparing the January average rate of 61.4648 to the December average rate of 94.5200, the exchange rate registered a net change of 53.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 96.1741 was up 57.20% compared to the 2022 peak of 61.1777, 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 480,871 TRY

2022 Average 270,372 TRY

Yearly Trough Low 305,535 TRY

Transaction Impact: A difference of 175,335.41 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

97.8255

58.1592

JanuMarcMayJulySeptNove

KWD to TRY 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 64.9646, compared to 89.8059 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.8413 points.

H1 Avg (Jan–Jun) 64.9646

H2 Avg (Jul–Dec) 89.8059

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 16.9602 TRY (High: 84.9204 / Low: 67.9602). On the other end, February was the most stable month, with a tight range of 0.4175 TRY (High: 61.8756 / Low: 61.4580).

June Spread (Volatile) ±16.9602

February Spread (Stable) ±0.4175

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 94.5200) against the same month in 2022 (average: 60.8534), the exchange rate shifted by +33.6666 (+55.32%).

2023 Avg (December) 94.5200

2022 Avg (December) 60.8534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.7385	61.1070	61.4648
February	61.8756	61.4580	61.5888
March	62.8618	61.3209	61.9845
April	63.7188	62.5379	63.1314
May	67.4957	63.4968	64.4233
June	84.9204	67.9602	77.1946
July	87.9686	84.2278	86.3070
August	88.4444	83.9649	87.4085
September	88.8421	86.6562	87.4900
October	91.5921	88.8105	90.1827
November	93.8696	91.6577	92.9272
December	96.1741	93.5759	94.5200