2023 QAR to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2416.9184. Conversely, the yearly low was recorded on March 19, dropping to 2332.1185.
This high-to-low spread represents a total annual volatility of 84.7999 GNF. From a start-to-finish perspective, comparing the January average rate of 2378.3473 to the December average rate of 2360.1933, the exchange rate registered a net change of -0.76% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2416.9184 was down 5.76% compared to the 2022 peak of 2564.5427, 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 GNF 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 2368.8743, compared to 2362.3378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.5365 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 84.7999 GNF (High: 2416.9184 / Low: 2332.1185). On the other end, December was the most stable month, with a tight range of 17.5584 GNF (High: 2368.5608 / Low: 2351.0025).
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 March and April, when the average rate fell by 9.1273 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 2378.3473) against the same month in 2022 (average: 2498.2808), the exchange rate shifted by -119.9335 (-4.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2416.9184 | 2348.3239 | 2378.3473 |
| February | 2416.9184 | 2343.8294 | 2370.5090 |
| March | 2416.9184 | 2332.1185 | 2368.3639 |
| April | 2390.2274 | 2333.1401 | 2359.2366 |
| May | 2377.0942 | 2357.7596 | 2368.6655 |
| June | 2377.6954 | 2354.9965 | 2368.1236 |
| July | 2375.7210 | 2346.3477 | 2364.3216 |
| August | 2377.0942 | 2354.1724 | 2363.0101 |
| September | 2377.0942 | 2350.0849 | 2362.6891 |
| October | 2375.7210 | 2347.6837 | 2360.8309 |
| November | 2389.5457 | 2348.4603 | 2362.9819 |
| December | 2368.5608 | 2351.0025 | 2360.1933 |