2023 BOB to QAR Historical Review

YEARLY HIGH

0.5344 QAR

YEARLY LOW

0.5209 QAR

YEARLY AVERAGE

0.5274 QAR

2023 BOB to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 0.5344. Conversely, the yearly low was recorded on April 30, dropping to 0.5209.

This high-to-low spread represents a total annual volatility of 0.0135 QAR. From a start-to-finish perspective, comparing the January average rate of 0.5273 to the December average rate of 0.5269, the exchange rate registered a net change of -0.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5344 was down 0.04% compared to the 2022 peak of 0.5346, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,672 QAR

2022 Average 2,643 QAR

Yearly Trough Low 2,604 QAR

Transaction Impact: A difference of 67.62 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5287

0.5267

JanuMarcMayJulySeptNove

BOB to QAR 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 0.5276, compared to 0.5273 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.5276

H2 Avg (Jul–Dec) 0.5273

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0112 QAR (High: 0.5321 / Low: 0.5209). On the other end, May was the most stable month, with a tight range of 0.0023 QAR (High: 0.5285 / Low: 0.5262).

April Spread (Volatile) ±0.0112

May Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 0.0008 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.5285) against the same month in 2022 (average: 0.5294), the exchange rate shifted by -0.0009 (-0.17%).

2023 Avg (March) 0.5285

2022 Avg (March) 0.5294

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5306	0.5265	0.5273
February	0.5329	0.5240	0.5277
March	0.5344	0.5262	0.5285
April	0.5321	0.5209	0.5277
May	0.5285	0.5262	0.5272
June	0.5296	0.5255	0.5272
July	0.5319	0.5246	0.5273
August	0.5307	0.5267	0.5274
September	0.5288	0.5258	0.5272
October	0.5293	0.5262	0.5276
November	0.5307	0.5242	0.5273
December	0.5279	0.5241	0.5269