2023 ZAR to KWD Historical Review

YEARLY HIGH

0.0182 KWD

YEARLY LOW

0.0156 KWD

YEARLY AVERAGE

0.0167 KWD

2023 ZAR to KWD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to KWD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0182. Conversely, the yearly low was recorded on May 25, dropping to 0.0156.

This high-to-low spread represents a total annual volatility of 0.0027 KWD. From a start-to-finish perspective, comparing the January average rate of 0.0179 to the December average rate of 0.0166, the exchange rate registered a net change of -7.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0182 was down 13.09% compared to the 2022 peak of 0.0210, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 912 KWD

2022 Average 939 KWD

Yearly Trough Low 778 KWD

Transaction Impact: A difference of 134.36 KWD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0181

0.0159

JanuMarcMayJulySeptNove

ZAR 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 0.0169, compared to 0.0165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0169

H2 Avg (Jul–Dec) 0.0165

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0014 KWD (High: 0.0175 / Low: 0.0161). On the other end, September was the most stable month, with a tight range of 0.0004 KWD (High: 0.0165 / Low: 0.0161).

July Spread (Volatile) ±0.0014

September Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0179) against the same month in 2022 (average: 0.0195), the exchange rate shifted by -0.0016 (-8.32%).

2023 Avg (January) 0.0179

2022 Avg (January) 0.0195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0182	0.0175	0.0179
February	0.0179	0.0167	0.0171
March	0.0172	0.0161	0.0168
April	0.0172	0.0166	0.0169
May	0.0167	0.0156	0.0161
June	0.0169	0.0157	0.0164
July	0.0175	0.0161	0.0169
August	0.0168	0.0160	0.0164
September	0.0165	0.0161	0.0163
October	0.0166	0.0158	0.0163
November	0.0170	0.0163	0.0166
December	0.0168	0.0162	0.0166