2024 BGN to QAR Historical Review

YEARLY HIGH

2.0831 QAR

YEARLY LOW

1.9305 QAR

YEARLY AVERAGE

2.0155 QAR

2024 BGN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 26, valuing the pair at 2.0831. Conversely, the yearly low was recorded on December 25, dropping to 1.9305.

This high-to-low spread represents a total annual volatility of 0.1526 QAR. From a start-to-finish perspective, comparing the January average rate of 2.0320 to the December average rate of 1.9508, the exchange rate registered a net change of -4.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.0831 was down 0.47% compared to the 2023 peak of 2.0930, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,415 QAR

2023 Average 10,078 QAR

Yearly Trough Low 9,652 QAR

Transaction Impact: A difference of 763.07 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.0809

1.9389

JanuMarcMayJulySeptNove

BGN 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 2.0139, compared to 2.0171 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 2.0139

H2 Avg (Jul–Dec) 2.0171

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0954 QAR (High: 2.0342 / Low: 1.9388). On the other end, March was the most stable month, with a tight range of 0.0299 QAR (High: 2.0388 / Low: 2.0089).

November Spread (Volatile) ±0.0954

March Spread (Stable) ±0.0299

Growth Streaks & Declines

Trends

Between June and September, 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 October and November, when the average rate fell by 0.0514 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0514

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.0691) against the same month in 2023 (average: 1.9881), the exchange rate shifted by +0.0810 (+4.07%).

2024 Avg (September) 2.0691

2023 Avg (September) 1.9881

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0638	2.0148	2.0320
February	2.0307	1.9953	2.0108
March	2.0388	2.0089	2.0241
April	2.0227	1.9780	1.9973
May	2.0297	1.9872	2.0141
June	2.0308	1.9892	2.0053
July	2.0355	1.9987	2.0219
August	2.0825	2.0094	2.0508
September	2.0831	2.0502	2.0691
October	2.0608	2.0065	2.0307
November	2.0342	1.9388	1.9794
December	1.9737	1.9305	1.9508