2023 QAR to GYD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to GYD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 58.7611. Conversely, the yearly low was recorded on November 5, dropping to 57.0493.
This high-to-low spread represents a total annual volatility of 1.7119 GYD. From a start-to-finish perspective, comparing the January average rate of 57.5459 to the December average rate of 57.4787, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 58.7611 was up 1.28% compared to the 2022 peak of 58.0159, 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 GYD 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 57.8804, compared to 57.4789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4016 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 1.2443 GYD (High: 58.7611 / Low: 57.5169). On the other end, May was the most stable month, with a tight range of 0.2522 GYD (High: 58.1598 / Low: 57.9076).
Growth Streaks & Declines
TrendsBetween March and June, 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 June and July, when the average rate fell by 0.4192 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 57.9825) against the same month in 2022 (average: 57.5234), the exchange rate shifted by +0.4590 (+0.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 57.9786 | 57.2563 | 57.5459 |
| February | 58.2714 | 57.2960 | 57.8635 |
| March | 58.0061 | 57.1413 | 57.7746 |
| April | 58.7611 | 57.5169 | 57.9825 |
| May | 58.1598 | 57.9076 | 58.0578 |
| June | 58.2478 | 57.7902 | 58.0583 |
| July | 58.0934 | 57.3221 | 57.6391 |
| August | 57.9569 | 57.0943 | 57.4381 |
| September | 57.5840 | 57.2561 | 57.4411 |
| October | 57.6364 | 57.2044 | 57.4166 |
| November | 57.9739 | 57.0493 | 57.4595 |
| December | 57.7550 | 57.3560 | 57.4787 |