2023 QAR to ISK Historical Review

YEARLY HIGH

39.7904 ISK

YEARLY LOW

35.7310 ISK

YEARLY AVERAGE

37.8519 ISK

2023 QAR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 18, valuing the pair at 39.7904. Conversely, the yearly low was recorded on August 30, dropping to 35.7310.

This high-to-low spread represents a total annual volatility of 4.0595 ISK. From a start-to-finish perspective, comparing the January average rate of 39.2151 to the December average rate of 37.8231, the exchange rate registered a net change of -3.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 39.7904 was down 2.53% compared to the 2022 peak of 40.8212, 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 198,952 ISK

2022 Average 185,659 ISK

Yearly Trough Low 178,655 ISK

Transaction Impact: A difference of 20,297.41 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

39.5369

35.8717

JanuMarcMayJulySeptNove

QAR to ISK 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 38.3557, compared to 37.3482 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.0074 points.

H1 Avg (Jan–Jun) 38.3557

H2 Avg (Jul–Dec) 37.3482

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8645 ISK (High: 39.4778 / Low: 37.6133). On the other end, August was the most stable month, with a tight range of 0.6654 ISK (High: 36.3963 / Low: 35.7310).

November Spread (Volatile) ±1.8645

August Spread (Stable) ±0.6654

Growth Streaks & Declines

Trends

Between August and November, 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 1.3980 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3980

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 39.2314) against the same month in 2022 (average: 34.3425), the exchange rate shifted by +4.8889 (+14.24%).

2023 Avg (February) 39.2314

2022 Avg (February) 34.3425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	39.7583	38.4990	39.2151
February	39.7904	38.2355	39.2314
March	39.1372	37.3029	38.3676
April	37.8275	37.0242	37.4435
May	38.6899	37.2380	38.0270
June	38.7037	36.9541	37.8493
July	37.6326	35.8088	36.4512
August	36.3963	35.7310	36.1771
September	37.8797	36.1801	37.1584
October	38.4455	37.6435	38.0447
November	39.4778	37.6133	38.4349
December	38.4455	37.2294	37.8231