2023 TRY to QAR Historical Review

YEARLY HIGH

0.1956 QAR

YEARLY LOW

0.1232 QAR

YEARLY AVERAGE

0.1581 QAR

2023 TRY to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 0.1956. Conversely, the yearly low was recorded on December 28, dropping to 0.1232.

This high-to-low spread represents a total annual volatility of 0.0724 QAR. From a start-to-finish perspective, comparing the January average rate of 0.1940 to the December average rate of 0.1252, the exchange rate registered a net change of -35.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1956 was down 29.82% compared to the 2022 peak of 0.2787, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 9,782 QAR

2022 Average 11,150 QAR

Yearly Trough Low 6,159 QAR

Transaction Impact: A difference of 3,622.37 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2009

0.1184

JanuMarcMayJulySeptNove

TRY to QAR 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 0.1844, compared to 0.1318 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0526 points.

H1 Avg (Jan–Jun) 0.1844

H2 Avg (Jul–Dec) 0.1318

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0351 QAR (High: 0.1746 / Low: 0.1396). On the other end, January was the most stable month, with a tight range of 0.0014 QAR (High: 0.1949 / Low: 0.1936).

June Spread (Volatile) ±0.0351

January Spread (Stable) ±0.0014

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0299 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0299

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1935) against the same month in 2022 (average: 0.2669), the exchange rate shifted by -0.0734 (-27.51%).

2023 Avg (February) 0.1935

2022 Avg (February) 0.2669

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1949	0.1936	0.1940
February	0.1956	0.1924	0.1935
March	0.1934	0.1897	0.1919
April	0.1915	0.1850	0.1885
May	0.1870	0.1754	0.1842
June	0.1746	0.1396	0.1543
July	0.1414	0.1348	0.1375
August	0.1406	0.1338	0.1354
September	0.1366	0.1326	0.1348
October	0.1326	0.1287	0.1306
November	0.1287	0.1257	0.1270
December	0.1262	0.1232	0.1252