2023 QAR to HKD Historical Review

YEARLY HIGH

2.1811 HKD

YEARLY LOW

2.1308 HKD

YEARLY AVERAGE

2.1489 HKD

2023 QAR to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 2.1811. Conversely, the yearly low was recorded on February 5, dropping to 2.1308.

This high-to-low spread represents a total annual volatility of 0.0504 HKD. From a start-to-finish perspective, comparing the January average rate of 2.1461 to the December average rate of 2.1428, the exchange rate registered a net change of -0.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.1811 was up 0.94% compared to the 2022 peak of 2.1609, 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 10,906 HKD

2022 Average 10,746 HKD

Yearly Trough Low 10,654 HKD

Transaction Impact: A difference of 251.85 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1544

2.1417

JanuMarcMayJulySeptNove

QAR to HKD 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 2.1510, compared to 2.1468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0042 points.

H1 Avg (Jan–Jun) 2.1510

H2 Avg (Jul–Dec) 2.1468

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0482 HKD (High: 2.1811 / Low: 2.1329). On the other end, September was the most stable month, with a tight range of 0.0068 HKD (High: 2.1536 / Low: 2.1469).

April Spread (Volatile) ±0.0482

September Spread (Stable) ±0.0068

Growth Streaks & Declines

Trends

Between January and April, 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 0.0030 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 2.1533) against the same month in 2022 (average: 2.1533), the exchange rate shifted by -0.0000 (-0.00%).

2023 Avg (April) 2.1533

2022 Avg (April) 2.1533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1518	2.1360	2.1461
February	2.1663	2.1308	2.1517
March	2.1758	2.1357	2.1523
April	2.1811	2.1329	2.1533
May	2.1567	2.1467	2.1524
June	2.1542	2.1414	2.1504
July	2.1539	2.1420	2.1474
August	2.1539	2.1362	2.1477
September	2.1536	2.1469	2.1500
October	2.1524	2.1419	2.1480
November	2.1618	2.1378	2.1451
December	2.1468	2.1372	2.1428