2023 GMD to QAR Historical Review

YEARLY HIGH

0.0614 QAR

YEARLY LOW

0.0540 QAR

YEARLY AVERAGE

0.0586 QAR

2023 GMD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 3, valuing the pair at 0.0614. Conversely, the yearly low was recorded on December 16, dropping to 0.0540.

This high-to-low spread represents a total annual volatility of 0.0074 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0588 to the December average rate of 0.0541, the exchange rate registered a net change of -7.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0614 was down 11.23% compared to the 2022 peak of 0.0692, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 307 QAR

2022 Average 330 QAR

Yearly Trough Low 270 QAR

Transaction Impact: A difference of 37.23 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0619

0.0534

JanuMarcMayJulySeptNove

GMD 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 0.0598, compared to 0.0574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0598

H2 Avg (Jul–Dec) 0.0574

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0043 QAR (High: 0.0603 / Low: 0.0560). On the other end, June was the most stable month, with a tight range of 0.0004 QAR (High: 0.0614 / Low: 0.0610).

September Spread (Volatile) ±0.0043

June Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between April and June, 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 September and October, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0612) against the same month in 2022 (average: 0.0674), the exchange rate shifted by -0.0062 (-9.16%).

2023 Avg (June) 0.0612

2022 Avg (June) 0.0674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0596	0.0583	0.0588
February	0.0604	0.0592	0.0597
March	0.0601	0.0586	0.0594
April	0.0608	0.0584	0.0589
May	0.0612	0.0605	0.0609
June	0.0614	0.0610	0.0612
July	0.0612	0.0607	0.0610
August	0.0606	0.0598	0.0601
September	0.0603	0.0560	0.0590
October	0.0566	0.0552	0.0555
November	0.0560	0.0540	0.0544
December	0.0544	0.0540	0.0541