2023 WST to INR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 WST to INR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the WST to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 30.7440. Conversely, the yearly low was recorded on December 28, dropping to 29.6039.
This high-to-low spread represents a total annual volatility of 1.1401 INR. From a start-to-finish perspective, comparing the January average rate of 30.2963 to the December average rate of 29.7299, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 30.7440 was up 0.04% compared to the 2022 peak of 30.7326, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 WST based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
WST to INR 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 30.3045, compared to 30.1541 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1503 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 1.0156 INR (High: 30.6644 / Low: 29.6488). On the other end, November was the most stable month, with a tight range of 0.1282 INR (High: 29.7794 / Low: 29.6512).
Growth Streaks & Declines
TrendsBetween June and September, 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 October and November, when the average rate fell by 0.5314 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 30.6319) against the same month in 2022 (average: 28.6266), the exchange rate shifted by +2.0052 (+7.00%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 30.6869 | 30.0176 | 30.2963 |
| February | 30.7440 | 30.2907 | 30.6319 |
| March | 30.6634 | 30.1524 | 30.4765 |
| April | 30.2112 | 29.9691 | 30.0687 |
| May | 30.4182 | 29.9820 | 30.2038 |
| June | 30.3130 | 30.0519 | 30.1497 |
| July | 30.3681 | 30.0181 | 30.1667 |
| August | 30.6353 | 30.2747 | 30.4723 |
| September | 30.6418 | 30.4300 | 30.5485 |
| October | 30.6644 | 29.6488 | 30.2694 |
| November | 29.7794 | 29.6512 | 29.7381 |
| December | 29.7987 | 29.6039 | 29.7299 |