2023 HKD to QAR Historical Review

YEARLY HIGH

0.4693 QAR

YEARLY LOW

0.4585 QAR

YEARLY AVERAGE

0.4654 QAR

2023 HKD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.4693. Conversely, the yearly low was recorded on April 29, dropping to 0.4585.

This high-to-low spread represents a total annual volatility of 0.0108 QAR. From a start-to-finish perspective, comparing the January average rate of 0.4660 to the December average rate of 0.4667, the exchange rate registered a net change of 0.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4693 was down 0.60% compared to the 2022 peak of 0.4721, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 11,733 QAR

2022 Average 11,633 QAR

Yearly Trough Low 11,462 QAR

Transaction Impact: A difference of 270.95 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4669

0.4642

JanuMarcMayJulySeptNove

HKD 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 0.4649, compared to 0.4658 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.4649

H2 Avg (Jul–Dec) 0.4658

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0104 QAR (High: 0.4688 / Low: 0.4585). On the other end, September was the most stable month, with a tight range of 0.0015 QAR (High: 0.4658 / Low: 0.4643).

April Spread (Volatile) ±0.0104

September Spread (Stable) ±0.0015

Growth Streaks & Declines

Trends

Between April and July, 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 January and February, when the average rate fell by 0.0012 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.4648) against the same month in 2022 (average: 0.4669), the exchange rate shifted by -0.0022 (-0.46%).

2023 Avg (February) 0.4648

2022 Avg (February) 0.4669

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4682	0.4647	0.4660
February	0.4693	0.4616	0.4648
March	0.4682	0.4596	0.4646
April	0.4688	0.4585	0.4644
May	0.4658	0.4637	0.4646
June	0.4670	0.4642	0.4650
July	0.4668	0.4643	0.4657
August	0.4681	0.4643	0.4656
September	0.4658	0.4643	0.4651
October	0.4669	0.4646	0.4655
November	0.4678	0.4626	0.4662
December	0.4679	0.4658	0.4667