2023 QAR to TOP Historical Review

YEARLY HIGH

0.6637 TOP

YEARLY LOW

0.6278 TOP

YEARLY AVERAGE

0.6483 TOP

2023 QAR to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 0.6637. Conversely, the yearly low was recorded on February 4, dropping to 0.6278.

This high-to-low spread represents a total annual volatility of 0.0359 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6393 to the December average rate of 0.6448, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6637 was down 1.67% compared to the 2022 peak of 0.6750, 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 3,319 TOP

2022 Average 3,198 TOP

Yearly Trough Low 3,139 TOP

Transaction Impact: A difference of 179.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6599

0.6374

JanuMarcMayJulySeptNove

QAR to TOP 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 0.6446, compared to 0.6520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.6446

H2 Avg (Jul–Dec) 0.6520

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0208 TOP (High: 0.6486 / Low: 0.6278). On the other end, September was the most stable month, with a tight range of 0.0050 TOP (High: 0.6585 / Low: 0.6535).

February Spread (Volatile) ±0.0208

September Spread (Stable) ±0.0050

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 November and December, when the average rate fell by 0.0102 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0102

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.6549) against the same month in 2022 (average: 0.6551), the exchange rate shifted by -0.0001 (-0.02%).

2023 Avg (November) 0.6549

2022 Avg (November) 0.6551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6465	0.6312	0.6393
February	0.6486	0.6278	0.6409
March	0.6542	0.6399	0.6468
April	0.6567	0.6366	0.6456
May	0.6541	0.6429	0.6479
June	0.6541	0.6410	0.6474
July	0.6506	0.6383	0.6450
August	0.6567	0.6455	0.6526
September	0.6585	0.6535	0.6566
October	0.6623	0.6533	0.6581
November	0.6637	0.6476	0.6549
December	0.6494	0.6380	0.6448