2023 QAR to TRY Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 QAR to TRY Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the QAR to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 8.1179. Conversely, the yearly low was recorded on February 4, dropping to 5.1116.
This high-to-low spread represents a total annual volatility of 3.0062 TRY. From a start-to-finish perspective, comparing the January average rate of 5.1540 to the December average rate of 7.9845, the exchange rate registered a net change of 54.92% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 8.1179 was up 57.95% compared to the 2022 peak of 5.1394, 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 TRY 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 5.4635, compared to 7.5986 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1352 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 1.4388 TRY (High: 7.1652 / Low: 5.7264). On the other end, January was the most stable month, with a tight range of 0.0362 TRY (High: 5.1660 / Low: 5.1298).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 7.9845) against the same month in 2022 (average: 5.1162), the exchange rate shifted by +2.8682 (+56.06%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5.1660 | 5.1298 | 5.1540 |
| February | 5.1985 | 5.1116 | 5.1685 |
| March | 5.2721 | 5.1701 | 5.2103 |
| April | 5.4051 | 5.2216 | 5.3063 |
| May | 5.6998 | 5.3470 | 5.4303 |
| June | 7.1652 | 5.7264 | 6.5113 |
| July | 7.4200 | 7.0711 | 7.2724 |
| August | 7.4723 | 7.1144 | 7.3866 |
| September | 7.5428 | 7.3230 | 7.4168 |
| October | 7.7707 | 7.5437 | 7.6555 |
| November | 7.9570 | 7.7708 | 7.8759 |
| December | 8.1179 | 7.9250 | 7.9845 |