2024 BOB to SAR Historical Review

YEARLY HIGH

0.5470 SAR

YEARLY LOW

0.5378 SAR

YEARLY AVERAGE

0.5428 SAR

2024 BOB to SAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to SAR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.5470. Conversely, the yearly low was recorded on February 4, dropping to 0.5378.

This high-to-low spread represents a total annual volatility of 0.0093 SAR. From a start-to-finish perspective, comparing the January average rate of 0.5428 to the December average rate of 0.5437, the exchange rate registered a net change of 0.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.5470 was down 0.79% compared to the 2023 peak of 0.5514, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,735 SAR

2023 Average 2,716 SAR

Yearly Trough Low 2,689 SAR

Transaction Impact: A difference of 46.25 SAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.5438

0.5418

JanuMarcMayJulySeptNove

BOB to SAR 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 0.5426, compared to 0.5431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.5426

H2 Avg (Jul–Dec) 0.5431

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0065 SAR (High: 0.5457 / Low: 0.5392). On the other end, July was the most stable month, with a tight range of 0.0020 SAR (High: 0.5444 / Low: 0.5424).

November Spread (Volatile) ±0.0065

July Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between June and August, 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 March and April, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.5434) against the same month in 2023 (average: 0.5429), the exchange rate shifted by +0.0005 (+0.10%).

2024 Avg (August) 0.5434

2023 Avg (August) 0.5429

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5443	0.5412	0.5428
February	0.5439	0.5378	0.5425
March	0.5452	0.5407	0.5428
April	0.5436	0.5393	0.5420
May	0.5456	0.5418	0.5428
June	0.5443	0.5392	0.5428
July	0.5444	0.5424	0.5430
August	0.5470	0.5411	0.5434
September	0.5445	0.5408	0.5428
October	0.5438	0.5408	0.5427
November	0.5457	0.5392	0.5428
December	0.5458	0.5418	0.5437