2024 PEN to QAR Historical Review

YEARLY HIGH

0.9917 QAR

YEARLY LOW

0.9384 QAR

YEARLY AVERAGE

0.9707 QAR

2024 PEN to QAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to QAR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 0.9917. Conversely, the yearly low was recorded on February 14, dropping to 0.9384.

This high-to-low spread represents a total annual volatility of 0.0533 QAR. From a start-to-finish perspective, comparing the January average rate of 0.9765 to the December average rate of 0.9762, the exchange rate registered a net change of -0.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9917 was down 3.14% compared to the 2023 peak of 1.0238, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,958 QAR

2023 Average 4,873 QAR

Yearly Trough Low 4,692 QAR

Transaction Impact: A difference of 266.25 QAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.9833

0.9489

JanuMarcMayJulySeptNove

PEN 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 0.9714, compared to 0.9701 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.9714

H2 Avg (Jul–Dec) 0.9701

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0331 QAR (High: 0.9809 / Low: 0.9478). On the other end, August was the most stable month, with a tight range of 0.0091 QAR (High: 0.9797 / Low: 0.9706).

July Spread (Volatile) ±0.0331

August Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0248 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0248

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.9803) against the same month in 2023 (average: 0.9655), the exchange rate shifted by +0.0148 (+1.54%).

2024 Avg (March) 0.9803

2023 Avg (March) 0.9655

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9874	0.9547	0.9765
February	0.9671	0.9384	0.9517
March	0.9917	0.9619	0.9803
April	0.9913	0.9677	0.9804
May	0.9888	0.9677	0.9764
June	0.9762	0.9512	0.9633
July	0.9809	0.9478	0.9682
August	0.9797	0.9706	0.9742
September	0.9797	0.9540	0.9665
October	0.9824	0.9653	0.9718
November	0.9732	0.9570	0.9635
December	0.9818	0.9704	0.9762