2023 SEK to SAR Historical Review

YEARLY HIGH

0.3772 SAR

YEARLY LOW

0.3339 SAR

YEARLY AVERAGE

0.3538 SAR

2023 SEK to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.3772. Conversely, the yearly low was recorded on October 28, dropping to 0.3339.

This high-to-low spread represents a total annual volatility of 0.0433 SAR. From a start-to-finish perspective, comparing the January average rate of 0.3615 to the December average rate of 0.3663, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3772 was down 10.23% compared to the 2022 peak of 0.4202, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SEK based on timing:

Yearly Peak High 1,886 SAR

2022 Average 1,862 SAR

Yearly Trough Low 1,670 SAR

Transaction Impact: A difference of 216.26 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3691

0.3353

JanuMarcMayJulySeptNove

SEK to SAR 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 0.3578, compared to 0.3498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.3578

H2 Avg (Jul–Dec) 0.3498

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0275 SAR (High: 0.3636 / Low: 0.3361). On the other end, September was the most stable month, with a tight range of 0.0083 SAR (High: 0.3435 / Low: 0.3352).

November Spread (Volatile) ±0.0275

September Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between 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 0.0101 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.3663) against the same month in 2022 (average: 0.3618), the exchange rate shifted by +0.0045 (+1.25%).

2023 Avg (December) 0.3663

2022 Avg (December) 0.3618

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3681	0.3517	0.3615
February	0.3639	0.3534	0.3588
March	0.3647	0.3498	0.3573
April	0.3662	0.3569	0.3625
May	0.3697	0.3451	0.3580
June	0.3537	0.3435	0.3485
July	0.3683	0.3424	0.3564
August	0.3549	0.3394	0.3463
September	0.3435	0.3352	0.3381
October	0.3449	0.3339	0.3402
November	0.3636	0.3361	0.3514
December	0.3772	0.3575	0.3663