2023 QAR to XAF Historical Review

YEARLY HIGH

172.0794 XAF

YEARLY LOW

160.2031 XAF

YEARLY AVERAGE

166.3916 XAF

2023 QAR to XAF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 172.0794. Conversely, the yearly low was recorded on July 17, dropping to 160.2031.

This high-to-low spread represents a total annual volatility of 11.8762 XAF. From a start-to-finish perspective, comparing the January average rate of 166.8800 to the December average rate of 164.7802, the exchange rate registered a net change of -1.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 172.0794 was down 8.35% compared to the 2022 peak of 187.7470, 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 860,397 XAF

2022 Average 856,053 XAF

Yearly Trough Low 801,016 XAF

Transaction Impact: A difference of 59,381.16 XAF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

171.1659

162.2120

JanuMarcMayJulySeptNove

QAR to XAF 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 166.3803, compared to 166.4029 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0226 points.

H1 Avg (Jan–Jun) 166.3803

H2 Avg (Jul–Dec) 166.4029

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 7.7118 XAF (High: 168.4151 / Low: 160.7032). On the other end, October was the most stable month, with a tight range of 3.3114 XAF (High: 172.0794 / Low: 168.7680).

May Spread (Volatile) ±7.7118

October Spread (Stable) ±3.3114

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 March and April, when the average rate fell by 4.1279 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.1279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 170.4198) against the same month in 2022 (average: 183.0955), the exchange rate shifted by -12.6757 (-6.92%).

2023 Avg (October) 170.4198

2022 Avg (October) 183.0955

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	171.2496	164.7353	166.8800
February	170.7107	163.3859	168.0742
March	170.7859	164.6599	167.8839
April	166.5280	161.6509	163.7560
May	168.4151	160.7032	165.6023
June	168.4121	163.9046	166.0854
July	165.9401	160.2031	162.9582
August	166.8566	163.2120	164.9964
September	171.4929	166.6197	168.6759
October	172.0794	168.7680	170.4198
November	169.9721	163.7177	166.5871
December	167.3500	162.2037	164.7802