2023 QAR to SYP Historical Review

YEARLY HIGH

698.1131 SYP

YEARLY LOW

682.2883 SYP

YEARLY AVERAGE

689.6268 SYP

2023 QAR to SYP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 698.1131. Conversely, the yearly low was recorded on February 5, dropping to 682.2883.

This high-to-low spread represents a total annual volatility of 15.8248 SYP. From a start-to-finish perspective, comparing the January average rate of 689.5027 to the December average rate of 689.3790, the exchange rate registered a net change of -0.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 698.1131 was up 0.93% compared to the 2022 peak of 691.6546, 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 3,490,566 SYP

2022 Average 3,447,588 SYP

Yearly Trough Low 3,411,441 SYP

Transaction Impact: A difference of 79,124.12 SYP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

690.5291

688.7963

JanuMarcMayJulySeptNove

QAR to SYP 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 689.4203, compared to 689.8333 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4130 points.

H1 Avg (Jan–Jun) 689.4203

H2 Avg (Jul–Dec) 689.8333

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 15.3654 SYP (High: 698.1131 / Low: 682.7477). On the other end, May was the most stable month, with a tight range of 1.0814 SYP (High: 690.3630 / Low: 689.2816).

April Spread (Volatile) ±15.3654

May Spread (Stable) ±1.0814

Growth Streaks & Declines

Trends

Between February and May, 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 1.0057 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 689.2459) against the same month in 2022 (average: 689.9105), the exchange rate shifted by -0.6647 (-0.10%).

2023 Avg (April) 689.2459

2022 Avg (April) 689.9105

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	690.2944	685.2984	689.5027
February	693.6906	682.2883	688.9407
March	696.4140	683.6100	688.9748
April	698.1131	682.7477	689.2459
May	690.3630	689.2816	690.0398
June	690.7812	686.4135	689.8180
July	692.5113	689.1614	690.1783
August	690.2367	686.5701	689.4784
September	690.3509	688.7118	689.8951
October	690.5156	688.1059	689.6842
November	694.0815	688.7608	690.3847
December	690.1607	687.5770	689.3790