2024 ETB to QAR Historical Review

YEARLY HIGH

0.0651 QAR

YEARLY LOW

0.0285 QAR

YEARLY AVERAGE

0.0502 QAR

2024 ETB to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 0.0651. Conversely, the yearly low was recorded on December 31, dropping to 0.0285.

This high-to-low spread represents a total annual volatility of 0.0366 QAR. From a start-to-finish perspective, comparing the January average rate of 0.0646 to the December average rate of 0.0288, the exchange rate registered a net change of -55.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0651 was down 5.07% compared to the 2023 peak of 0.0686, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 326 QAR

2023 Average 333 QAR

Yearly Trough Low 143 QAR

Transaction Impact: A difference of 183.09 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0681

0.0252

JanuMarcMayJulySeptNove

ETB 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 0.0640, compared to 0.0365 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0275 points.

H1 Avg (Jan–Jun) 0.0640

H2 Avg (Jul–Dec) 0.0365

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0154 QAR (High: 0.0637 / Low: 0.0483). On the other end, March was the most stable month, with a tight range of 0.0006 QAR (High: 0.0645 / Low: 0.0640).

July Spread (Volatile) ±0.0154

March Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0269 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0646) against the same month in 2023 (average: 0.0679), the exchange rate shifted by -0.0034 (-4.96%).

2024 Avg (January) 0.0646

2023 Avg (January) 0.0679

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0651	0.0643	0.0646
February	0.0649	0.0642	0.0643
March	0.0645	0.0640	0.0642
April	0.0643	0.0635	0.0640
May	0.0639	0.0633	0.0635
June	0.0640	0.0632	0.0634
July	0.0637	0.0483	0.0627
August	0.0462	0.0323	0.0358
September	0.0330	0.0304	0.0316
October	0.0308	0.0299	0.0303
November	0.0304	0.0288	0.0297
December	0.0293	0.0285	0.0288