2023 QAR to SGD Historical Review

YEARLY HIGH

0.3773 SGD

YEARLY LOW

0.3581 SGD

YEARLY AVERAGE

0.3686 SGD

2023 QAR to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 18, valuing the pair at 0.3773. Conversely, the yearly low was recorded on February 1, dropping to 0.3581.

This high-to-low spread represents a total annual volatility of 0.0192 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3635 to the December average rate of 0.3653, the exchange rate registered a net change of 0.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3773 was down 4.52% compared to the 2022 peak of 0.3952, 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 1,886 SGD

2022 Average 1,892 SGD

Yearly Trough Low 1,790 SGD

Transaction Impact: A difference of 96.07 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3770

0.3623

JanuMarcMayJulySeptNove

QAR to SGD 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 0.3666, compared to 0.3706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0039 points.

H1 Avg (Jan–Jun) 0.3666

H2 Avg (Jul–Dec) 0.3706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0127 SGD (High: 0.3708 / Low: 0.3581). On the other end, October was the most stable month, with a tight range of 0.0034 SGD (High: 0.3773 / Low: 0.3738).

February Spread (Volatile) ±0.0127

October Spread (Stable) ±0.0034

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 October and November, when the average rate fell by 0.0053 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3758) against the same month in 2022 (average: 0.3908), the exchange rate shifted by -0.0151 (-3.86%).

2023 Avg (October) 0.3758

2022 Avg (October) 0.3908

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3696	0.3585	0.3635
February	0.3708	0.3581	0.3655
March	0.3720	0.3621	0.3677
April	0.3710	0.3601	0.3654
May	0.3721	0.3638	0.3680
June	0.3725	0.3668	0.3696
July	0.3716	0.3628	0.3667
August	0.3737	0.3666	0.3707
September	0.3771	0.3711	0.3744
October	0.3773	0.3738	0.3758
November	0.3749	0.3654	0.3705
December	0.3691	0.3615	0.3653