2023 QAR to CVE Historical Review

YEARLY HIGH

28.9922 CVE

YEARLY LOW

26.8901 CVE

YEARLY AVERAGE

28.0225 CVE

2023 QAR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 28.9922. Conversely, the yearly low was recorded on July 18, dropping to 26.8901.

This high-to-low spread represents a total annual volatility of 2.1022 CVE. From a start-to-finish perspective, comparing the January average rate of 28.1249 to the December average rate of 27.7590, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 28.9922 was down 9.68% compared to the 2022 peak of 32.0997, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 144,961 CVE

2022 Average 144,244 CVE

Yearly Trough Low 134,450 CVE

Transaction Impact: A difference of 10,510.89 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.8052

27.2975

JanuMarcMayJulySeptNove

QAR to CVE 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 28.0347, compared to 28.0102 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.

H1 Avg (Jan–Jun) 28.0347

H2 Avg (Jul–Dec) 28.0102

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.3550 CVE (High: 28.9922 / Low: 27.6373). On the other end, October was the most stable month, with a tight range of 0.4862 CVE (High: 28.9592 / Low: 28.4730).

November Spread (Volatile) ±1.3550

October Spread (Stable) ±0.4862

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.6395 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6395

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 28.0955) against the same month in 2022 (average: 29.8226), the exchange rate shifted by -1.7271 (-5.79%).

2023 Avg (November) 28.0955

2022 Avg (November) 29.8226

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	28.7984	27.7672	28.1249
February	28.6784	27.6511	28.2620
March	28.7360	27.6082	28.2633
April	27.9172	27.2708	27.6238
May	28.3713	27.4948	27.9202
June	28.7754	27.6338	28.0143
July	27.9250	26.8901	27.4232
August	28.0202	27.4264	27.7465
September	28.7729	27.8834	28.3575
October	28.9592	28.4730	28.6796
November	28.9922	27.6373	28.0955
December	28.3841	27.3028	27.7590