2023 QAR to MMK Historical Review

YEARLY HIGH

583.4390 MMK

YEARLY LOW

568.6878 MMK

YEARLY AVERAGE

576.1435 MMK

2023 QAR to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 583.4390. Conversely, the yearly low was recorded on March 19, dropping to 568.6878.

This high-to-low spread represents a total annual volatility of 14.7512 MMK. From a start-to-finish perspective, comparing the January average rate of 576.3028 to the December average rate of 576.7885, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 583.4390 was up 0.52% compared to the 2022 peak of 580.4069, 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 2,917,195 MMK

2022 Average 2,646,874 MMK

Yearly Trough Low 2,843,439 MMK

Transaction Impact: A difference of 73,755.96 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

576.9668

574.8274

JanuMarcMayJulySeptNove

QAR to MMK 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 575.9371, compared to 576.3498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4126 points.

H1 Avg (Jan–Jun) 575.9371

H2 Avg (Jul–Dec) 576.3498

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 12.3473 MMK (High: 583.4390 / Low: 571.0917). On the other end, May was the most stable month, with a tight range of 2.4920 MMK (High: 577.4752 / Low: 574.9832).

April Spread (Volatile) ±12.3473

May Spread (Stable) ±2.4920

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.8869 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8869

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 575.4876) against the same month in 2022 (average: 504.4187), the exchange rate shifted by +71.0688 (+14.09%).

2023 Avg (April) 575.4876

2022 Avg (April) 504.4187

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	577.2955	572.7546	576.3028
February	579.9651	570.2524	575.8925
March	577.3129	568.6878	575.0057
April	583.4390	571.0917	575.4876
May	577.4752	574.9832	576.4757
June	578.3363	573.7911	576.4586
July	578.4376	571.3896	576.1722
August	576.9997	573.0626	576.2615
September	577.9929	574.7220	576.4998
October	577.5688	574.1935	576.0334
November	579.7536	572.6448	576.3432
December	579.8871	575.6791	576.7885