2023 NAD to QAR Historical Review

YEARLY HIGH

0.2173 QAR

YEARLY LOW

0.1802 QAR

YEARLY AVERAGE

0.1972 QAR

2023 NAD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 0.2173. Conversely, the yearly low was recorded on October 28, dropping to 0.1802.

This high-to-low spread represents a total annual volatility of 0.0371 QAR. From a start-to-finish perspective, comparing the January average rate of 0.2134 to the December average rate of 0.1951, the exchange rate registered a net change of -8.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2173 was down 13.30% compared to the 2022 peak of 0.2506, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,086 QAR

2022 Average 1,122 QAR

Yearly Trough Low 901 QAR

Transaction Impact: A difference of 185.27 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2158

0.1869

JanuMarcMayJulySeptNove

NAD 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 0.2005, compared to 0.1939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.2005

H2 Avg (Jul–Dec) 0.1939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0181 QAR (High: 0.2001 / Low: 0.1820). On the other end, September was the most stable month, with a tight range of 0.0047 QAR (High: 0.1942 / Low: 0.1895).

November Spread (Volatile) ±0.0181

September Spread (Stable) ±0.0047

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 April and May, when the average rate fell by 0.0097 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2134) against the same month in 2022 (average: 0.2349), the exchange rate shifted by -0.0215 (-9.17%).

2023 Avg (January) 0.2134

2022 Avg (January) 0.2349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2173	0.2107	0.2134
February	0.2155	0.1977	0.2041
March	0.2036	0.1958	0.1995
April	0.2063	0.1966	0.2006
May	0.1993	0.1847	0.1909
June	0.2006	0.1848	0.1945
July	0.2065	0.1929	0.1996
August	0.1995	0.1837	0.1934
September	0.1942	0.1895	0.1920
October	0.1940	0.1802	0.1893
November	0.2001	0.1820	0.1942
December	0.1995	0.1907	0.1951