2023 SAR to EUR Historical Review

YEARLY HIGH

0.2547 EUR

YEARLY LOW

0.2371 EUR

YEARLY AVERAGE

0.2463 EUR

2023 SAR to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.2547. Conversely, the yearly low was recorded on July 14, dropping to 0.2371.

This high-to-low spread represents a total annual volatility of 0.0176 EUR. From a start-to-finish perspective, comparing the January average rate of 0.2468 to the December average rate of 0.2441, the exchange rate registered a net change of -1.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2547 was down 8.07% compared to the 2022 peak of 0.2770, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 1,273 EUR

2022 Average 1,266 EUR

Yearly Trough Low 1,185 EUR

Transaction Impact: A difference of 87.89 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2535

0.2400

JanuMarcMayJulySeptNove

SAR to EUR 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 0.2463, compared to 0.2463 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.2463

H2 Avg (Jul–Dec) 0.2463

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0115 EUR (High: 0.2493 / Low: 0.2378). On the other end, October was the most stable month, with a tight range of 0.0048 EUR (High: 0.2547 / Low: 0.2498).

May Spread (Volatile) ±0.0115

October Spread (Stable) ±0.0048

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 0.0060 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2523) against the same month in 2022 (average: 0.2705), the exchange rate shifted by -0.0182 (-6.73%).

2023 Avg (October) 0.2523

2022 Avg (October) 0.2705

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2529	0.2439	0.2468
February	0.2525	0.2420	0.2491
March	0.2525	0.2443	0.2486
April	0.2466	0.2396	0.2426
May	0.2493	0.2378	0.2451
June	0.2493	0.2425	0.2459
July	0.2457	0.2371	0.2411
August	0.2470	0.2418	0.2444
September	0.2538	0.2471	0.2497
October	0.2547	0.2498	0.2523
November	0.2518	0.2423	0.2465
December	0.2477	0.2401	0.2441