2023 QAR to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 25.1339. Conversely, the yearly low was recorded on November 18, dropping to 18.8742.
This high-to-low spread represents a total annual volatility of 6.2597 AFN. From a start-to-finish perspective, comparing the January average rate of 24.3842 to the December average rate of 19.1927, the exchange rate registered a net change of -21.29% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.1339 was down 13.29% compared to the 2022 peak of 28.9854, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
QAR to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 24.0984, compared to 21.3219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7766 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 2.2162 AFN (High: 22.3426 / Low: 20.1264). On the other end, December was the most stable month, with a tight range of 0.4414 AFN (High: 19.4242 / Low: 18.9828).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.7621 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 23.7661) against the same month in 2022 (average: 24.0224), the exchange rate shifted by -0.2563 (-1.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.6434 | 24.0827 | 24.3842 |
| February | 24.9632 | 24.1088 | 24.5828 |
| March | 24.5812 | 23.4999 | 24.0246 |
| April | 25.1339 | 23.2924 | 23.7661 |
| May | 24.4012 | 23.6707 | 24.0269 |
| June | 24.0319 | 23.3901 | 23.8061 |
| July | 24.0894 | 23.4654 | 23.7949 |
| August | 23.7936 | 22.2898 | 23.1678 |
| September | 22.3426 | 20.1264 | 21.4057 |
| October | 21.5329 | 20.1013 | 20.7334 |
| November | 20.4628 | 18.8742 | 19.6367 |
| December | 19.4242 | 18.9828 | 19.1927 |