2023 THB to INR Historical Review

YEARLY HIGH

2.4959 INR

YEARLY LOW

2.2425 INR

YEARLY AVERAGE

2.3763 INR

2023 THB to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.4959. Conversely, the yearly low was recorded on October 3, dropping to 2.2425.

This high-to-low spread represents a total annual volatility of 0.2534 INR. From a start-to-finish perspective, comparing the January average rate of 2.4615 to the December average rate of 2.3852, the exchange rate registered a net change of -3.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.4959 was up 4.12% compared to the 2022 peak of 2.3970, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 623,963 INR

2022 Average 561,361 INR

Yearly Trough Low 560,619 INR

Transaction Impact: A difference of 63,344.48 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.4796

2.2631

JanuMarcMayJulySeptNove

THB to INR 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 2.4069, compared to 2.3457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0612 points.

H1 Avg (Jan–Jun) 2.4069

H2 Avg (Jul–Dec) 2.3457

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1509 INR (High: 2.4959 / Low: 2.3449). On the other end, April was the most stable month, with a tight range of 0.0397 INR (High: 2.4171 / Low: 2.3775).

February Spread (Volatile) ±0.1509

April Spread (Stable) ±0.0397

Growth Streaks & Declines

Trends

Between March and May, 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 May and June, when the average rate fell by 0.0518 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0518

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.4260) against the same month in 2022 (average: 2.2993), the exchange rate shifted by +0.1266 (+5.51%).

2023 Avg (February) 2.4260

2022 Avg (February) 2.2993

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4905	2.3916	2.4615
February	2.4959	2.3449	2.4260
March	2.4474	2.3367	2.3900
April	2.4171	2.3775	2.3980
May	2.4395	2.3756	2.4089
June	2.3862	2.3029	2.3571
July	2.4116	2.3263	2.3741
August	2.4002	2.3421	2.3641
September	2.3613	2.2695	2.3195
October	2.3174	2.2425	2.2812
November	2.4049	2.3087	2.3504
December	2.4335	2.3345	2.3852