2023 ZAR to QAR Historical Review

YEARLY HIGH

0.2174 QAR

YEARLY LOW

0.1840 QAR

YEARLY AVERAGE

0.1977 QAR

2023 ZAR to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.2174. Conversely, the yearly low was recorded on May 25, dropping to 0.1840.

This high-to-low spread represents a total annual volatility of 0.0334 QAR. From a start-to-finish perspective, comparing the January average rate of 0.2134 to the December average rate of 0.1960, the exchange rate registered a net change of -8.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2174 was down 13.43% compared to the 2022 peak of 0.2512, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,872 QAR

2022 Average 11,174 QAR

Yearly Trough Low 9,202 QAR

Transaction Impact: A difference of 1,669.31 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2157

0.1885

JanuMarcMayJulySeptNove

ZAR 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 0.2004, compared to 0.1950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0054 points.

H1 Avg (Jan–Jun) 0.2004

H2 Avg (Jul–Dec) 0.1950

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0170 QAR (High: 0.2074 / Low: 0.1904). On the other end, September was the most stable month, with a tight range of 0.0046 QAR (High: 0.1942 / Low: 0.1895).

July Spread (Volatile) ±0.0170

September Spread (Stable) ±0.0046

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0099 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0099

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2134) against the same month in 2022 (average: 0.2349), the exchange rate shifted by -0.0215 (-9.17%).

2023 Avg (January) 0.2134

2022 Avg (January) 0.2349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2174	0.2096	0.2134
February	0.2139	0.1976	0.2035
March	0.2047	0.1921	0.1996
April	0.2066	0.1961	0.2007
May	0.1990	0.1840	0.1908
June	0.2003	0.1857	0.1945
July	0.2074	0.1904	0.2000
August	0.1992	0.1898	0.1940
September	0.1942	0.1895	0.1920
October	0.1956	0.1866	0.1914
November	0.2002	0.1929	0.1964
December	0.1996	0.1908	0.1960