2024 NAD to QAR Historical Review

YEARLY HIGH

0.2120 QAR

YEARLY LOW

0.1884 QAR

YEARLY AVERAGE

0.1989 QAR

2024 NAD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NAD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 29, valuing the pair at 0.2120. Conversely, the yearly low was recorded on February 26, dropping to 0.1884.

This high-to-low spread represents a total annual volatility of 0.0236 QAR. From a start-to-finish perspective, comparing the January average rate of 0.1939 to the December average rate of 0.1999, the exchange rate registered a net change of 3.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2120 was down 2.41% compared to the 2023 peak of 0.2173, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,060 QAR

2023 Average 986 QAR

Yearly Trough Low 942 QAR

Transaction Impact: A difference of 118.04 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2089

0.1905

JanuMarcMayJulySeptNove

NAD 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 0.1947, compared to 0.2032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.1947

H2 Avg (Jul–Dec) 0.2032

Volatility Range Comparison

Volatility

The most volatile month in 2024 was December, with a trading range of 0.0133 QAR (High: 0.2066 / Low: 0.1933). On the other end, October was the most stable month, with a tight range of 0.0052 QAR (High: 0.2106 / Low: 0.2054).

December Spread (Volatile) ±0.0133

October Spread (Stable) ±0.0052

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0042 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0042

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.2068) against the same month in 2023 (average: 0.1920), the exchange rate shifted by +0.0149 (+7.74%).

2024 Avg (September) 0.2068

2023 Avg (September) 0.1920

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1974	0.1900	0.1939
February	0.1977	0.1884	0.1921
March	0.1959	0.1905	0.1932
April	0.1969	0.1896	0.1929
May	0.2013	0.1954	0.1982
June	0.2035	0.1922	0.1978
July	0.2027	0.1973	0.1998
August	0.2066	0.1961	0.2018
September	0.2120	0.2026	0.2068
October	0.2106	0.2054	0.2074
November	0.2089	0.1995	0.2032
December	0.2066	0.1933	0.1999