2023 ETB to QAR Historical Review

YEARLY HIGH

0.0686 QAR

YEARLY LOW

0.0645 QAR

YEARLY AVERAGE

0.0666 QAR

2023 ETB to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.0686. Conversely, the yearly low was recorded on December 26, dropping to 0.0645.

This high-to-low spread represents a total annual volatility of 0.0041 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0679 to the December average rate of 0.0649, the exchange rate registered a net change of -4.47% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0686 was down 7.40% compared to the 2022 peak of 0.0741, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 343 QAR

2022 Average 351 QAR

Yearly Trough Low 323 QAR

Transaction Impact: A difference of 20.26 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0682

0.0646

JanuMarcMayJulySeptNove

ETB 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 0.0674, compared to 0.0657 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0674

H2 Avg (Jul–Dec) 0.0657

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0015 QAR (High: 0.0680 / Low: 0.0665). On the other end, September was the most stable month, with a tight range of 0.0003 QAR (High: 0.0661 / Low: 0.0658).

April Spread (Volatile) ±0.0015

September Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0006 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0679) against the same month in 2022 (average: 0.0721), the exchange rate shifted by -0.0042 (-5.84%).

2023 Avg (February) 0.0679

2022 Avg (February) 0.0721

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0683	0.0677	0.0679
February	0.0686	0.0675	0.0679
March	0.0686	0.0675	0.0678
April	0.0680	0.0665	0.0673
May	0.0673	0.0666	0.0670
June	0.0670	0.0664	0.0667
July	0.0667	0.0660	0.0664
August	0.0666	0.0659	0.0662
September	0.0661	0.0658	0.0660
October	0.0658	0.0651	0.0655
November	0.0659	0.0648	0.0653
December	0.0655	0.0645	0.0649