2024 KWD to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 KWD to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the KWD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 62.7649. Conversely, the yearly low was recorded on September 29, dropping to 56.0937.
This high-to-low spread represents a total annual volatility of 6.6712 ZAR. From a start-to-finish perspective, comparing the January average rate of 60.9661 to the December average rate of 59.2829, the exchange rate registered a net change of -2.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 62.7649 was down 2.39% compared to the 2023 peak of 64.3036, 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 2024.
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)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 60.9027, compared to 58.5782 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3245 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 3.7383 ZAR (High: 61.2973 / Low: 57.5589). On the other end, October was the most stable month, with a tight range of 1.2942 ZAR (High: 58.0282 / Low: 56.7339).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 1.4768 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 61.7958) against the same month in 2023 (average: 58.5674), the exchange rate shifted by +3.2284 (+5.51%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 62.4199 | 59.5349 | 60.9661 |
| February | 62.7649 | 60.4218 | 61.7958 |
| March | 62.0889 | 60.4618 | 61.3365 |
| April | 62.5752 | 60.0217 | 61.3392 |
| May | 61.2564 | 58.8552 | 59.9348 |
| June | 61.8978 | 58.4992 | 60.0437 |
| July | 60.7030 | 58.7155 | 59.6028 |
| August | 61.1944 | 57.9284 | 59.1216 |
| September | 58.7839 | 56.0937 | 57.6448 |
| October | 58.0282 | 56.7339 | 57.3500 |
| November | 59.4364 | 56.4271 | 58.4669 |
| December | 61.2973 | 57.5589 | 59.2829 |