2023 KWD to ZAR Historical Review

YEARLY HIGH

64.3036 ZAR

YEARLY LOW

54.8296 ZAR

YEARLY AVERAGE

60.0353 ZAR

2023 KWD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 64.3036. Conversely, the yearly low was recorded on January 12, dropping to 54.8296.

This high-to-low spread represents a total annual volatility of 9.4740 ZAR. From a start-to-finish perspective, comparing the January average rate of 55.8885 to the December average rate of 60.4016, the exchange rate registered a net change of 8.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 64.3036 was up 8.42% compared to the 2022 peak of 59.3109, 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 321,518 ZAR

2022 Average 267,192 ZAR

Yearly Trough Low 274,148 ZAR

Transaction Impact: A difference of 47,370.18 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

62.8690

55.2539

JanuMarcMayJulySeptNove

KWD to ZAR 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 59.4279, compared to 60.6427 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2148 points.

H1 Avg (Jan–Jun) 59.4279

H2 Avg (Jul–Dec) 60.6427

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 5.0857 ZAR (High: 62.2956 / Low: 57.2099). On the other end, September was the most stable month, with a tight range of 1.5835 ZAR (High: 62.2781 / Low: 60.6947).

July Spread (Volatile) ±5.0857

September Spread (Stable) ±1.5835

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 June and July, when the average rate fell by 1.6032 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 62.2344) against the same month in 2022 (average: 51.8628), the exchange rate shifted by +10.3716 (+20.00%).

2023 Avg (May) 62.2344

2022 Avg (May) 51.8628

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	57.0178	54.8296	55.8885
February	60.0051	55.9084	58.5674
March	62.0773	57.9894	59.6022
April	60.2067	58.0238	59.2870
May	64.3036	59.7332	62.2344
June	63.8131	59.2045	60.9881
July	62.2956	57.2099	59.3849
August	62.3255	59.4396	60.9937
September	62.2781	60.6947	61.4342
October	63.1100	60.3178	61.5445
November	61.2702	58.9645	60.0976
December	61.8488	59.4330	60.4016