2023 KWD to WST Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 KWD to WST Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the KWD to WST exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 9.1237. Conversely, the yearly low was recorded on October 15, dropping to 8.7473.
This high-to-low spread represents a total annual volatility of 0.3764 WST. From a start-to-finish perspective, comparing the January average rate of 8.8283 to the December average rate of 9.0945, the exchange rate registered a net change of 3.01% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 9.1237 was down 0.58% compared to the 2022 peak of 9.1769, 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 WST 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 8.8488, compared to 8.9300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0812 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 0.3196 WST (High: 9.0669 / Low: 8.7473). On the other end, August was the most stable month, with a tight range of 0.0368 WST (High: 8.8412 / Low: 8.8044).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.0546 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 9.0945) against the same month in 2022 (average: 8.8107), the exchange rate shifted by +0.2838 (+3.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.8570 | 8.7949 | 8.8283 |
| February | 8.8672 | 8.7839 | 8.8141 |
| March | 8.9151 | 8.7762 | 8.8029 |
| April | 8.9274 | 8.8559 | 8.8953 |
| May | 8.9085 | 8.8560 | 8.8806 |
| June | 8.8991 | 8.8574 | 8.8714 |
| July | 8.9165 | 8.8514 | 8.8822 |
| August | 8.8412 | 8.8044 | 8.8277 |
| September | 8.8266 | 8.7888 | 8.8054 |
| October | 9.0669 | 8.7473 | 8.8926 |
| November | 9.1018 | 9.0596 | 9.0777 |
| December | 9.1237 | 9.0630 | 9.0945 |