2023 SAR to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SAR to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SAR to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 362.6269. Conversely, the yearly low was recorded on February 1, dropping to 325.7326.
This high-to-low spread represents a total annual volatility of 36.8943 KRW. From a start-to-finish perspective, comparing the January average rate of 330.7987 to the December average rate of 346.9540, the exchange rate registered a net change of 4.88% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 362.6269 was down 5.69% compared to the 2022 peak of 384.5171, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SAR to KRW 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 345.2237, compared to 351.0853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.8616 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 26.6265 KRW (High: 352.3590 / Low: 325.7326). On the other end, October was the most stable month, with a tight range of 5.6914 KRW (High: 362.6269 / Low: 356.9354).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 11.5743 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2023: 360.0059) against the same month in 2022 (average: 380.0032), the exchange rate shifted by -19.9973 (-5.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 340.3010 | 327.6691 | 330.7987 |
| February | 352.3590 | 325.7326 | 341.1452 |
| March | 353.2064 | 342.5175 | 347.5772 |
| April | 357.6084 | 347.0459 | 352.3034 |
| May | 358.0864 | 350.4208 | 354.0872 |
| June | 352.8692 | 338.1049 | 345.4309 |
| July | 350.9380 | 337.3695 | 342.6033 |
| August | 358.2818 | 343.6620 | 352.8628 |
| September | 361.0928 | 351.4981 | 355.6544 |
| October | 362.6269 | 356.9354 | 360.0059 |
| November | 359.4027 | 343.4303 | 348.4316 |
| December | 351.3307 | 342.9755 | 346.9540 |