2024 QAR to AFN Historical Review

YEARLY HIGH

20.6683 AFN

YEARLY LOW

17.8747 AFN

YEARLY AVERAGE

19.3563 AFN

2024 QAR to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the QAR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 20.6683. Conversely, the yearly low was recorded on October 17, dropping to 17.8747.

This high-to-low spread represents a total annual volatility of 2.7936 AFN. From a start-to-finish perspective, comparing the January average rate of 19.6355 to the December average rate of 19.0586, the exchange rate registered a net change of -2.94% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 20.6683 was down 17.77% compared to the 2023 peak of 25.1339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 103,342 AFN

2023 Average 113,504 AFN

Yearly Trough Low 89,374 AFN

Transaction Impact: A difference of 13,967.89 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

20.2489

18.2381

JanuMarcMayJulySeptNove

QAR to AFN 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 19.7123, compared to 19.0003 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7120 points.

H1 Avg (Jan–Jun) 19.7123

H2 Avg (Jul–Dec) 19.0003

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.2548 AFN (High: 20.4173 / Low: 19.1625). On the other end, July was the most stable month, with a tight range of 0.2787 AFN (High: 19.5080 / Low: 19.2294).

January Spread (Volatile) ±1.2548

July Spread (Stable) ±0.2787

Growth Streaks & Declines

Trends

Between June and August, 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 September and October, when the average rate fell by 0.6752 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6752

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2024: 20.0814) against the same month in 2023 (average: 24.5828), the exchange rate shifted by -4.5014 (-18.31%).

2024 Avg (February) 20.0814

2023 Avg (February) 24.5828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.4173	19.1625	19.6355
February	20.6683	19.8217	20.0814
March	20.0442	19.5150	19.8209
April	19.8445	19.5123	19.7073
May	19.8643	19.3602	19.6734
June	19.6777	19.1520	19.3553
July	19.5080	19.2294	19.4193
August	19.5465	19.2221	19.4575
September	19.5001	18.6775	19.0809
October	18.8540	17.8747	18.4057
November	18.7723	18.3574	18.5798
December	19.3226	18.4925	19.0586