2023 QAR to HUF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to HUF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to HUF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 104.1624. Conversely, the yearly low was recorded on July 17, dropping to 91.3280.
This high-to-low spread represents a total annual volatility of 12.8344 HUF. From a start-to-finish perspective, comparing the January average rate of 100.4542 to the December average rate of 95.9128, the exchange rate registered a net change of -4.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 104.1624 was down 14.84% compared to the 2022 peak of 122.3126, 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 HUF 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 96.5968, compared to 97.1539 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5571 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 7.6224 HUF (High: 103.3757 / Low: 95.7533). On the other end, June was the most stable month, with a tight range of 2.5211 HUF (High: 94.9241 / Low: 92.4029).
Growth Streaks & Declines
TrendsBetween June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 4.6654 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 100.4542) against the same month in 2022 (average: 87.1098), the exchange rate shifted by +13.3444 (+15.32%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 104.1624 | 97.2836 | 100.4542 |
| February | 101.0260 | 96.5533 | 98.5433 |
| March | 103.3757 | 95.7533 | 98.6323 |
| April | 96.6761 | 92.6839 | 93.9669 |
| May | 95.7512 | 92.4522 | 94.1341 |
| June | 94.9241 | 92.4029 | 93.8503 |
| July | 97.2565 | 91.3280 | 94.2405 |
| August | 98.6374 | 95.1876 | 96.8600 |
| September | 102.6399 | 97.1190 | 99.4409 |
| October | 102.2522 | 98.2235 | 100.1823 |
| November | 99.3741 | 94.1918 | 96.2868 |
| December | 97.7647 | 94.5496 | 95.9128 |