2023 KRW to INR Historical Review

YEARLY HIGH

0.0670 INR

YEARLY LOW

0.0609 INR

YEARLY AVERAGE

0.0632 INR

2023 KRW to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 0.0670. Conversely, the yearly low was recorded on May 1, dropping to 0.0609.

This high-to-low spread represents a total annual volatility of 0.0061 INR. From a start-to-finish perspective, comparing the January average rate of 0.0658 to the December average rate of 0.0640, the exchange rate registered a net change of -2.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0670 was up 1.91% compared to the 2022 peak of 0.0657, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 334,814 INR

2022 Average 304,707 INR

Yearly Trough Low 304,423 INR

Transaction Impact: A difference of 30,391.15 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0662

0.0612

JanuMarcMayJulySeptNove

KRW 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 0.0635, compared to 0.0630 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) 0.0635

H2 Avg (Jul–Dec) 0.0630

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0045 INR (High: 0.0670 / Low: 0.0625). On the other end, October was the most stable month, with a tight range of 0.0009 INR (High: 0.0621 / Low: 0.0612).

February Spread (Volatile) ±0.0045

October Spread (Stable) ±0.0009

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 February and March, when the average rate fell by 0.0016 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0646) against the same month in 2022 (average: 0.0626), the exchange rate shifted by +0.0020 (+3.19%).

2023 Avg (February) 0.0646

2022 Avg (February) 0.0626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0663	0.0647	0.0658
February	0.0670	0.0625	0.0646
March	0.0639	0.0619	0.0630
April	0.0629	0.0610	0.0620
May	0.0630	0.0609	0.0620
June	0.0649	0.0620	0.0634
July	0.0649	0.0624	0.0640
August	0.0638	0.0619	0.0626
September	0.0630	0.0615	0.0623
October	0.0621	0.0612	0.0616
November	0.0647	0.0617	0.0637
December	0.0647	0.0633	0.0640