2023 QAR to SRD Historical Review

YEARLY HIGH

10.6088 SRD

YEARLY LOW

8.6533 SRD

YEARLY AVERAGE

10.0437 SRD

2023 QAR to SRD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to SRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 10.6088. Conversely, the yearly low was recorded on January 2, dropping to 8.6533.

This high-to-low spread represents a total annual volatility of 1.9556 SRD. From a start-to-finish perspective, comparing the January average rate of 8.7311 to the December average rate of 10.2519, the exchange rate registered a net change of 17.42% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.6088 was up 21.27% compared to the 2022 peak of 8.7482, 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 53,044 SRD

2022 Average 33,255 SRD

Yearly Trough Low 43,266 SRD

Transaction Impact: A difference of 9,777.92 SRD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6949

8.5525

JanuMarcMayJulySeptNove

QAR to SRD 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 9.6513, compared to 10.4361 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7848 points.

H1 Avg (Jan–Jun) 9.6513

H2 Avg (Jul–Dec) 10.4361

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.7074 SRD (High: 9.9142 / Low: 9.2068). On the other end, October was the most stable month, with a tight range of 0.1219 SRD (High: 10.5362 / Low: 10.4143).

March Spread (Volatile) ±0.7074

October Spread (Stable) ±0.1219

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.1853 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1853

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 10.4366) against the same month in 2022 (average: 6.2602), the exchange rate shifted by +4.1765 (+66.71%).

2023 Avg (July) 10.4366

2022 Avg (July) 6.2602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	8.8925	8.6533	8.7311
February	9.3091	8.7669	8.9961
March	9.9142	9.2068	9.4855
April	10.3639	9.7186	10.0889
May	10.4024	10.1927	10.2557
June	10.5261	10.1969	10.3508
July	10.6088	10.1487	10.4366
August	10.5910	10.4453	10.5026
September	10.5797	10.4507	10.5164
October	10.5362	10.4143	10.4719
November	10.5387	10.3736	10.4372
December	10.4008	10.0589	10.2519