2024 NZD to QAR Historical Review

YEARLY HIGH

2.3134 QAR

YEARLY LOW

2.0394 QAR

YEARLY AVERAGE

2.2040 QAR

2024 NZD to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the NZD to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 2.3134. Conversely, the yearly low was recorded on December 31, dropping to 2.0394.

This high-to-low spread represents a total annual volatility of 0.2739 QAR. From a start-to-finish perspective, comparing the January average rate of 2.2495 to the December average rate of 2.0904, the exchange rate registered a net change of -7.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.3134 was down 2.61% compared to the 2023 peak of 2.3752, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,567 QAR

2023 Average 11,189 QAR

Yearly Trough Low 10,197 QAR

Transaction Impact: A difference of 1,369.54 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2859

2.0726

JanuMarcMayJulySeptNove

NZD 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 2.2184, compared to 2.1897 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0287 points.

H1 Avg (Jan–Jun) 2.2184

H2 Avg (Jul–Dec) 2.1897

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.1274 QAR (High: 2.2806 / Low: 2.1532). On the other end, June was the most stable month, with a tight range of 0.0427 QAR (High: 2.2574 / Low: 2.2148).

August Spread (Volatile) ±0.1274

June Spread (Stable) ±0.0427

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.0628 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0628

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 2.2682) against the same month in 2023 (average: 2.1590), the exchange rate shifted by +0.1092 (+5.06%).

2024 Avg (September) 2.2682

2023 Avg (September) 2.1590

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3087	2.2119	2.2495
February	2.2598	2.2054	2.2329
March	2.2503	2.1726	2.2125
April	2.2100	2.1415	2.1686
May	2.2446	2.1611	2.2116
June	2.2574	2.2148	2.2352
July	2.2387	2.1446	2.1984
August	2.2806	2.1532	2.2146
September	2.3134	2.2330	2.2682
October	2.2871	2.1738	2.2148
November	2.1926	2.1152	2.1520
December	2.1497	2.0394	2.0904