2023 QAR to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 2063.0888. Conversely, the yearly low was recorded on April 19, dropping to 1947.1127.
This high-to-low spread represents a total annual volatility of 115.9761 PYG. From a start-to-finish perspective, comparing the January average rate of 2024.2418 to the December average rate of 2018.9895, the exchange rate registered a net change of -0.26% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 2063.0888 was up 2.23% compared to the 2022 peak of 2018.0398, 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 PYG 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 1988.2565, compared to 2012.3418 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.0853 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 52.7934 PYG (High: 2005.5871 / Low: 1952.7937). On the other end, August was the most stable month, with a tight range of 14.6408 PYG (High: 2003.1471 / Low: 1988.5063).
Growth Streaks & Declines
TrendsBetween April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 31.0205 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 2043.4560) against the same month in 2022 (average: 1971.0469), the exchange rate shifted by +72.4091 (+3.67%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2044.3426 | 2004.5664 | 2024.2418 |
| February | 2014.8193 | 1991.6146 | 2002.0981 |
| March | 2005.5871 | 1952.7937 | 1971.0777 |
| April | 1993.0078 | 1947.1127 | 1963.7950 |
| May | 1989.1536 | 1964.2068 | 1977.7846 |
| June | 2001.2738 | 1978.2960 | 1990.5420 |
| July | 2003.4676 | 1980.1003 | 1995.0021 |
| August | 2003.1471 | 1988.5063 | 1995.6050 |
| September | 2008.7756 | 1991.6485 | 1997.6321 |
| October | 2048.7816 | 1999.2732 | 2023.3661 |
| November | 2063.0888 | 2031.0515 | 2043.4560 |
| December | 2040.9581 | 1997.9455 | 2018.9895 |