2023 QAR to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 51.8103. Conversely, the yearly low was recorded on February 5, dropping to 41.7585.
This high-to-low spread represents a total annual volatility of 10.0518 LRD. From a start-to-finish perspective, comparing the January average rate of 42.6390 to the December average rate of 51.6458, the exchange rate registered a net change of 21.12% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 51.8103 was up 22.09% compared to the 2022 peak of 42.4373, 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 LRD 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 44.6386, compared to 51.2183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.5797 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 3.1577 LRD (High: 49.4644 / Low: 46.3067). On the other end, September was the most stable month, with a tight range of 0.2799 LRD (High: 51.2634 / Low: 50.9835).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 51.6049) against the same month in 2022 (average: 42.2460), the exchange rate shifted by +9.3589 (+22.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 43.0514 | 42.1812 | 42.6390 |
| February | 43.5702 | 41.7585 | 42.9025 |
| March | 44.6393 | 41.8394 | 43.7353 |
| April | 45.9151 | 44.1034 | 44.7480 |
| May | 46.4385 | 45.4173 | 45.8606 |
| June | 49.4644 | 46.3067 | 47.9459 |
| July | 51.2018 | 49.4644 | 50.4661 |
| August | 51.2771 | 50.9732 | 51.1264 |
| September | 51.2634 | 50.9835 | 51.1675 |
| October | 51.4107 | 51.1262 | 51.2990 |
| November | 51.8103 | 51.4336 | 51.6049 |
| December | 51.7649 | 51.4366 | 51.6458 |