2023 QAR to PEN Historical Review

YEARLY HIGH

1.0712 PEN

YEARLY LOW

0.9767 PEN

YEARLY AVERAGE

1.0266 PEN

2023 QAR to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 1.0712. Conversely, the yearly low was recorded on July 17, dropping to 0.9767.

This high-to-low spread represents a total annual volatility of 0.0945 PEN. From a start-to-finish perspective, comparing the January average rate of 1.0492 to the December average rate of 1.0251, the exchange rate registered a net change of -2.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0712 was down 2.31% compared to the 2022 peak of 1.0965, 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 5,356 PEN

2022 Average 5,260 PEN

Yearly Trough Low 4,884 PEN

Transaction Impact: A difference of 472.46 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0603

0.9819

JanuMarcMayJulySeptNove

QAR to PEN 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 1.0301, compared to 1.0232 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0069 points.

H1 Avg (Jan–Jun) 1.0301

H2 Avg (Jul–Dec) 1.0232

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0366 PEN (High: 1.0712 / Low: 1.0346). On the other end, May was the most stable month, with a tight range of 0.0180 PEN (High: 1.0199 / Low: 1.0020).

January Spread (Volatile) ±0.0366

May Spread (Stable) ±0.0180

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 April and May, when the average rate fell by 0.0189 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.0492) against the same month in 2022 (average: 1.0694), the exchange rate shifted by -0.0202 (-1.89%).

2023 Avg (January) 1.0492

2022 Avg (January) 1.0694

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0712	1.0346	1.0492
February	1.0696	1.0422	1.0523
March	1.0454	1.0268	1.0357
April	1.0397	1.0158	1.0306
May	1.0199	1.0020	1.0117
June	1.0140	0.9907	1.0010
July	1.0002	0.9767	0.9885
August	1.0245	0.9905	1.0130
September	1.0431	1.0130	1.0225
October	1.0647	1.0418	1.0538
November	1.0570	1.0243	1.0361
December	1.0400	1.0124	1.0251