2023 QAR to NZD Historical Review

YEARLY HIGH

0.4740 NZD

YEARLY LOW

0.4210 NZD

YEARLY AVERAGE

0.4472 NZD

2023 QAR to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 25, valuing the pair at 0.4740. Conversely, the yearly low was recorded on February 1, dropping to 0.4210.

This high-to-low spread represents a total annual volatility of 0.0530 NZD. From a start-to-finish perspective, comparing the January average rate of 0.4285 to the December average rate of 0.4406, the exchange rate registered a net change of 2.82% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4740 was down 4.02% compared to the 2022 peak of 0.4938, 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 2,370 NZD

2022 Average 2,165 NZD

Yearly Trough Low 2,105 NZD

Transaction Impact: A difference of 264.79 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4694

0.4247

JanuMarcMayJulySeptNove

QAR to NZD 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 0.4398, compared to 0.4546 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 0.4398

H2 Avg (Jul–Dec) 0.4546

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0255 NZD (High: 0.4465 / Low: 0.4210). On the other end, September was the most stable month, with a tight range of 0.0097 NZD (High: 0.4678 / Low: 0.4581).

February Spread (Volatile) ±0.0255

September Spread (Stable) ±0.0097

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0176 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4657) against the same month in 2022 (average: 0.4827), the exchange rate shifted by -0.0170 (-3.52%).

2023 Avg (October) 0.4657

2022 Avg (October) 0.4827

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4411	0.4213	0.4285
February	0.4465	0.4210	0.4367
March	0.4502	0.4365	0.4418
April	0.4503	0.4302	0.4418
May	0.4559	0.4311	0.4425
June	0.4546	0.4401	0.4475
July	0.4480	0.4297	0.4414
August	0.4653	0.4474	0.4583
September	0.4678	0.4581	0.4632
October	0.4740	0.4544	0.4657
November	0.4672	0.4460	0.4582
December	0.4486	0.4327	0.4406