2023 CAD to QAR Historical Review

YEARLY HIGH

2.7766 QAR

YEARLY LOW

2.6198 QAR

YEARLY AVERAGE

2.6991 QAR

2023 CAD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2.7766. Conversely, the yearly low was recorded on March 18, dropping to 2.6198.

This high-to-low spread represents a total annual volatility of 0.1569 QAR. From a start-to-finish perspective, comparing the January average rate of 2.7154 to the December average rate of 2.7179, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7766 was down 4.88% compared to the 2022 peak of 2.9190, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,883 QAR

2022 Average 14,006 QAR

Yearly Trough Low 13,099 QAR

Transaction Impact: A difference of 784.39 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7613

2.6454

JanuMarcMayJulySeptNove

CAD 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 2.7029, compared to 2.6953 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0076 points.

H1 Avg (Jan–Jun) 2.7029

H2 Avg (Jul–Dec) 2.6953

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.1026 QAR (High: 2.7382 / Low: 2.6356). On the other end, September was the most stable month, with a tight range of 0.0464 QAR (High: 2.7084 / Low: 2.6620).

April Spread (Volatile) ±0.1026

September Spread (Stable) ±0.0464

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 July and August, when the average rate fell by 0.0492 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.7517) against the same month in 2022 (average: 2.8286), the exchange rate shifted by -0.0769 (-2.72%).

2023 Avg (July) 2.7517

2022 Avg (July) 2.8286

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7549	2.6647	2.7154
February	2.7476	2.6700	2.7101
March	2.6924	2.6198	2.6619
April	2.7382	2.6356	2.6971
May	2.7227	2.6657	2.6915
June	2.7694	2.7069	2.7412
July	2.7766	2.7248	2.7517
August	2.7435	2.6757	2.7025
September	2.7084	2.6620	2.6877
October	2.6868	2.6222	2.6566
November	2.6861	2.6343	2.6551
December	2.7589	2.6778	2.7179