2024 QAR to ALL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 QAR to ALL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the QAR to ALL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 14, valuing the pair at 26.6291. Conversely, the yearly low was recorded on September 30, dropping to 24.2518.
This high-to-low spread represents a total annual volatility of 2.3773 ALL. From a start-to-finish perspective, comparing the January average rate of 26.1331 to the December average rate of 25.7603, the exchange rate registered a net change of -1.43% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.6291 was down 12.95% compared to the 2023 peak of 30.5910, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 QAR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
QAR to ALL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.9616, compared to 25.1341 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8275 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 1.1679 ALL (High: 25.8622 / Low: 24.6943). On the other end, February was the most stable month, with a tight range of 0.3978 ALL (High: 26.6291 / Low: 26.2312).
Growth Streaks & Declines
TrendsBetween September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.4492 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2024: 26.4061) against the same month in 2023 (average: 29.6289), the exchange rate shifted by -3.2228 (-10.88%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.3645 | 25.6525 | 26.1331 |
| February | 26.6291 | 26.2312 | 26.4061 |
| March | 26.3407 | 25.7800 | 26.1250 |
| April | 26.2893 | 25.7421 | 25.9778 |
| May | 25.7812 | 25.3254 | 25.5286 |
| June | 25.7775 | 25.2650 | 25.5988 |
| July | 25.6721 | 25.1513 | 25.3763 |
| August | 25.4645 | 24.5857 | 24.9400 |
| September | 24.8217 | 24.2518 | 24.5604 |
| October | 25.1075 | 24.4219 | 24.8400 |
| November | 25.8622 | 24.6943 | 25.3276 |
| December | 26.0620 | 25.4909 | 25.7603 |