2023 SGD to KWD Historical Review

YEARLY HIGH

0.2336 KWD

YEARLY LOW

0.2251 KWD

YEARLY AVERAGE

0.2289 KWD

2023 SGD to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.2336. Conversely, the yearly low was recorded on October 21, dropping to 0.2251.

This high-to-low spread represents a total annual volatility of 0.0084 KWD. From a start-to-finish perspective, comparing the January average rate of 0.2307 to the December average rate of 0.2313, the exchange rate registered a net change of 0.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2336 was up 2.51% compared to the 2022 peak of 0.2278, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,168 KWD

2022 Average 1,111 KWD

Yearly Trough Low 1,126 KWD

Transaction Impact: A difference of 42.22 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2318

0.2254

JanuMarcMayJulySeptNove

SGD to KWD 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 0.2294, compared to 0.2284 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.2294

H2 Avg (Jul–Dec) 0.2284

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0061 KWD (High: 0.2336 / Low: 0.2274). On the other end, October was the most stable month, with a tight range of 0.0019 KWD (High: 0.2270 / Low: 0.2251).

February Spread (Volatile) ±0.0061

October Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between 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 July and August, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.2296) against the same month in 2022 (average: 0.2245), the exchange rate shifted by +0.0051 (+2.26%).

2023 Avg (February) 0.2296

2022 Avg (February) 0.2245

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2327	0.2277	0.2307
February	0.2336	0.2274	0.2296
March	0.2309	0.2256	0.2286
April	0.2314	0.2286	0.2300
May	0.2313	0.2271	0.2291
June	0.2296	0.2266	0.2282
July	0.2319	0.2260	0.2298
August	0.2304	0.2263	0.2279
September	0.2277	0.2253	0.2264
October	0.2270	0.2251	0.2259
November	0.2317	0.2262	0.2288
December	0.2331	0.2296	0.2313