2023 QAR to INR Historical Review

YEARLY HIGH

22.9724 INR

YEARLY LOW

22.2114 INR

YEARLY AVERAGE

22.6638 INR

2023 QAR to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 22.9724. Conversely, the yearly low was recorded on January 22, dropping to 22.2114.

This high-to-low spread represents a total annual volatility of 0.7610 INR. From a start-to-finish perspective, comparing the January average rate of 22.4276 to the December average rate of 22.8401, the exchange rate registered a net change of 1.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.9724 was up 0.78% compared to the 2022 peak of 22.7958, 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 114,862 INR

2022 Average 107,859 INR

Yearly Trough Low 111,057 INR

Transaction Impact: A difference of 3,805.00 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.9249

22.3824

JanuMarcMayJulySeptNove

QAR to INR 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 22.5479, compared to 22.7797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2318 points.

H1 Avg (Jan–Jun) 22.5479

H2 Avg (Jul–Dec) 22.7797

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.5075 INR (High: 22.7190 / Low: 22.2114). On the other end, October was the most stable month, with a tight range of 0.1280 INR (High: 22.9169 / Low: 22.7888).

January Spread (Volatile) ±0.5075

October Spread (Stable) ±0.1280

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1065 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.1065

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 22.8797) against the same month in 2022 (average: 22.3932), the exchange rate shifted by +0.4865 (+2.17%).

2023 Avg (November) 22.8797

2022 Avg (November) 22.3932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.7190	22.2114	22.4276
February	22.8644	22.3640	22.6576
March	22.8761	22.4028	22.5511
April	22.7131	22.2789	22.4814
May	22.7776	22.4388	22.6085
June	22.6911	22.4609	22.5608
July	22.7280	22.4712	22.5777
August	22.8649	22.6042	22.7323
September	22.8783	22.6787	22.8030
October	22.9169	22.7888	22.8452
November	22.9724	22.7972	22.8797
December	22.9161	22.7609	22.8401