2023 PEN to QAR Historical Review

YEARLY HIGH

1.0238 QAR

YEARLY LOW

0.9335 QAR

YEARLY AVERAGE

0.9745 QAR

2023 PEN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 1.0238. Conversely, the yearly low was recorded on January 26, dropping to 0.9335.

This high-to-low spread represents a total annual volatility of 0.0903 QAR. From a start-to-finish perspective, comparing the January average rate of 0.9532 to the December average rate of 0.9756, the exchange rate registered a net change of 2.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0238 was up 2.24% compared to the 2022 peak of 1.0014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,119 QAR

2022 Average 4,755 QAR

Yearly Trough Low 4,668 QAR

Transaction Impact: A difference of 451.56 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0180

0.9428

JanuMarcMayJulySeptNove

PEN 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 0.9711, compared to 0.9778 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.9711

H2 Avg (Jul–Dec) 0.9778

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0336 QAR (High: 1.0096 / Low: 0.9761). On the other end, March was the most stable month, with a tight range of 0.0174 QAR (High: 0.9739 / Low: 0.9566).

August Spread (Volatile) ±0.0336

March Spread (Stable) ±0.0174

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0290 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0290

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1.0117) against the same month in 2022 (average: 0.9387), the exchange rate shifted by +0.0730 (+7.78%).

2023 Avg (July) 1.0117

2022 Avg (July) 0.9387

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9665	0.9335	0.9532
February	0.9595	0.9350	0.9503
March	0.9739	0.9566	0.9655
April	0.9844	0.9618	0.9703
May	0.9980	0.9804	0.9885
June	1.0094	0.9862	0.9990
July	1.0238	0.9998	1.0117
August	1.0096	0.9761	0.9872
September	0.9872	0.9587	0.9781
October	0.9599	0.9393	0.9490
November	0.9763	0.9460	0.9653
December	0.9877	0.9615	0.9756