2023 THB to KRW Historical Review

YEARLY HIGH

39.8157 KRW

YEARLY LOW

36.3861 KRW

YEARLY AVERAGE

37.5763 KRW

2023 THB to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 39.8157. Conversely, the yearly low was recorded on October 6, dropping to 36.3861.

This high-to-low spread represents a total annual volatility of 3.4296 KRW. From a start-to-finish perspective, comparing the January average rate of 37.4222 to the December average rate of 37.2880, the exchange rate registered a net change of -0.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.8157 was up 3.61% compared to the 2022 peak of 38.4277, 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 9,953,921 KRW

2022 Average 9,214,062 KRW

Yearly Trough Low 9,096,523 KRW

Transaction Impact: A difference of 857,398.03 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.0591

36.6824

JanuMarcMayJulySeptNove

THB to KRW 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 37.9327, compared to 37.2198 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7130 points.

H1 Avg (Jan–Jun) 37.9327

H2 Avg (Jul–Dec) 37.2198

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 1.7953 KRW (High: 39.8157 / Low: 38.0204). On the other end, February was the most stable month, with a tight range of 0.7085 KRW (High: 37.7852 / Low: 37.0768).

May Spread (Volatile) ±1.7953

February Spread (Stable) ±0.7085

Growth Streaks & Declines

Trends

Between 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 May and June, when the average rate fell by 1.7022 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.7022

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 38.8610) against the same month in 2022 (average: 36.8505), the exchange rate shifted by +2.0105 (+5.46%).

2023 Avg (May) 38.8610

2022 Avg (May) 36.8505

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.7483	36.4668	37.4222
February	37.7852	37.0768	37.5606
March	38.8089	37.5370	37.9251
April	39.3924	37.9732	38.6688
May	39.8157	38.0204	38.8610
June	37.9691	36.5715	37.1588
July	37.4141	36.5946	37.1137
August	38.2795	37.4849	37.7712
September	37.6344	36.7818	37.2537
October	37.5903	36.3861	37.0116
November	37.4104	36.5476	36.8804
December	37.8541	36.7265	37.2880