2023 CVE to QAR Historical Review

YEARLY HIGH

0.0372 QAR

YEARLY LOW

0.0345 QAR

YEARLY AVERAGE

0.0357 QAR

2023 CVE to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 0.0372. Conversely, the yearly low was recorded on November 4, dropping to 0.0345.

This high-to-low spread represents a total annual volatility of 0.0027 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0356 to the December average rate of 0.0360, the exchange rate registered a net change of 1.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0372 was down 1.45% compared to the 2022 peak of 0.0377, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 186 QAR

2022 Average 174 QAR

Yearly Trough Low 172 QAR

Transaction Impact: A difference of 13.48 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0366

0.0347

JanuMarcMayJulySeptNove

CVE 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 0.0357, compared to 0.0357 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0357

H2 Avg (Jul–Dec) 0.0357

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0017 QAR (High: 0.0362 / Low: 0.0345). On the other end, October was the most stable month, with a tight range of 0.0006 QAR (High: 0.0351 / Low: 0.0345).

November Spread (Volatile) ±0.0017

October Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between October and December, 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 August and September, 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 (July 2023: 0.0365) against the same month in 2022 (average: 0.0340), the exchange rate shifted by +0.0025 (+7.26%).

2023 Avg (July) 0.0365

2022 Avg (July) 0.0340

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0360	0.0347	0.0356
February	0.0362	0.0349	0.0354
March	0.0362	0.0348	0.0354
April	0.0367	0.0358	0.0362
May	0.0364	0.0352	0.0358
June	0.0362	0.0348	0.0357
July	0.0372	0.0358	0.0365
August	0.0365	0.0357	0.0360
September	0.0359	0.0348	0.0353
October	0.0351	0.0345	0.0349
November	0.0362	0.0345	0.0356
December	0.0366	0.0352	0.0360