2024 MXN to QAR Historical Review

YEARLY HIGH

0.2229 QAR

YEARLY LOW

0.1747 QAR

YEARLY AVERAGE

0.2000 QAR

2024 MXN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 0.2229. Conversely, the yearly low was recorded on December 31, dropping to 0.1747.

This high-to-low spread represents a total annual volatility of 0.0482 QAR. From a start-to-finish perspective, comparing the January average rate of 0.2136 to the December average rate of 0.1799, the exchange rate registered a net change of -15.79% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2229 was up 2.16% compared to the 2023 peak of 0.2182, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,144 QAR

2023 Average 10,288 QAR

Yearly Trough Low 8,736 QAR

Transaction Impact: A difference of 2,407.89 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2210

0.1755

JanuMarcMayJulySeptNove

MXN 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 0.2130, compared to 0.1869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0261 points.

H1 Avg (Jan–Jun) 0.2130

H2 Avg (Jul–Dec) 0.1869

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0204 QAR (High: 0.2146 / Low: 0.1942). On the other end, February was the most stable month, with a tight range of 0.0031 QAR (High: 0.2147 / Low: 0.2116).

June Spread (Volatile) ±0.0204

February Spread (Stable) ±0.0031

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 May and June, when the average rate fell by 0.0164 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0164

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.2167) against the same month in 2023 (average: 0.2018), the exchange rate shifted by +0.0150 (+7.42%).

2024 Avg (April) 0.2167

2023 Avg (April) 0.2018

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2163	0.2104	0.2136
February	0.2147	0.2116	0.2132
March	0.2199	0.2140	0.2172
April	0.2229	0.2117	0.2167
May	0.2205	0.2140	0.2169
June	0.2146	0.1942	0.2005
July	0.2066	0.1940	0.2013
August	0.1953	0.1835	0.1900
September	0.1906	0.1812	0.1859
October	0.1898	0.1806	0.1853
November	0.1838	0.1761	0.1793
December	0.1815	0.1747	0.1799